First Italy, now Spain: EU on ALERT as Madrid crisis shows huge cracks in eurozone

”SPAIN faces imminent elections after this week’s no-confidence motion rocked the Madrid establishment and dragged the eurozone into a fresh crisis – as Brussels was simultaneously coping with a new Italian government threatening to IGNORE EU rulings it doesn’t like, and of course Brexit.

Spain has joined Italy in becoming a huge political headache for the European Union, following a week of political turmoil in the country.

Earlier this week, Spain’s opposition socialist party filed a no-confidence motion against the prime minister, Mariano Rajoy, over an ongoing corruption scandal.

Pedro Sánchez, the leader of the socialists, said that the scandal had degraded Spain’s image before the European Union.

Following this decision, the Spanish stock index tumbled and the bond yield rose, adding to EU woes as similar economic uncertainty has unsettled Italian markets.”  https://www.express.co.uk/news/world/965674/Italy-Spain-EU-Madrid-crisis-eurozone-Rajoy

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One Response to First Italy, now Spain: EU on ALERT as Madrid crisis shows huge cracks in eurozone

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