Italy Panic Is Bad News for U.K. as EU Seeks Brexit Consequences @ Forex Factory


The crisis in Italy could be bad news for Britain.

Italians’ flirtation with parties critical of the European Union is reminding the EU why it wants to show the U.K. what it will lose with Brexit. It doesn’t want Britain to enjoy the same benefits of membership once it’s gone in case it tempts others to follow.

The turmoil in Italy will only strengthen EU governments’ resolve that the U.K. suffer the consequences of its decision, three people familiar with the Brexit negotiations said. What makes it worse for the U.K. is that the Italian crisis, with an early election looming, coincides with the most crucial time in the U.K.’s … (full story)

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