QuickAssessments

Here's the link to the the first part This second part of the article wants to enact the worst-case scenario for Italy: the likelihood of a default in light of a reduction of stimulus program by ECB. At first, the conditions of the Eurozone seem pretty stable and the macroeconomic outlook, even considering political risk, is far from 2010. Populist parties have been sidelined during the last elections in France and UK. In Germany, a stream of positive economic data is accompanied by political uncertainty over Chancellor Merkel’s ability to form a coalition government: however, the turmoil is unlikely to have serious repercussions. Spain is regaining focus, notwithstanding the political stand-off between the Central government and Catalan authorities. Greece is no longer in dire straits and is slowly recovering: the Hellenic country has just held its first bond sale since 2014. Growth has gained steam in most of European countries over the last 2 years. In