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Italy's crisis unlikely to get out of hand

If a radical government in Rome plunges the country into a deep crisis, it would still be an Italian crisis rather than a 'euro' crisis.

Italy would face the choice of either doing a Tsipras-style U-turn from radical populism back to sanity in the end - or bearing the consequences of a messy Italexit.

ITALY could be heading for new elections in autumn 2018 or early 2019. These elections may well shape up as a de facto referendum on the rules of the European Union (EU) and the euro.

That is why we need to consider the "what if" scenarios. In particular, could Italy trigger a new euro...

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