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News Link • European Union

The Real Doom of the Eurozone Is Italy

•, By Matthew Yglesias
 Specifically Italian politics where Democratic Party leader Pier Luigi Bersani confirmed that there's no coalition that can secure majority support in the upper house of parliament. Not only does that mean political deadlock, it's far from clear that a new election will fix it. The basic issue is that Bersani's Democrats, Silvio Berlusconi's People of Freedom, and Beppe Grillo's Five Star Movement all have large bases of support and none of those parties wants to work with any of the others. If Italy had a different electoral system, whoever won a plurality would govern. If Italy had a different political culture, a coalition would govern. Once upon a time the European Central Bank seemed to think it could directly target the Italian political culture.

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