WARNING: this article is meant to be an anxiolytic for all the people foreseeing that, following elections, Italy will leave the EU/Euro.
If you read newspapers or browse through websites regularly, you might have noticed that we finally have the definitive results of Italian parliamentary elections. Before the actual elections, some commentators have described them as the most important elections since 1945. Well, I do not know if that is the case, but they were definitely the most interesting and surprising ones for a long time. With an upper chamber split in three, there cannot be a unitary and solid majority – the country is in a deadlock. That is a fact. Fact number one. It is also a fact, fact number two, that the centre-left coalition, which had a 10% advantage over all opponents in January, has probably run the worst electoral campaign in the history of humanity. Also, fact number three, Berlusconi still has appeal over Italians, and that also is a fact, not an opinion – like it or not. Monti and his austerity policy were strongly punished by Italian voters, and that is our fourth fact. We then have the last factor of these elections, Beppe Grillo. Continue reading