Italy is diving in a deeper political crisis (2)

Overall, the bond market in the euro area has become chaotic after the published documents.
In fact, Italy's debt problem is becoming more and more obvious. The country's debt to GDP is at the expense of 132%. And by adding to this size the much larger size of Italy than Greece, what could be the consequences for the EU?
For comparison, the debt of Greece, which was saved by its European partners, amounts to 180.8%.
According to Italian publications, two of the top populist parties, following the inconclusive results of the March elections, intend to ask the ECB for a 250 billion-euro debt relief program.
According to the 39-page document, there is also a possibility to look for a way out of the eurozone. This is a proposal the two parties have made in the past.
Following the publication of the report, the two populist parties have said that this is an old version that has been seriously modified. Particular attention was paid to the part leaving the eurozone, saying that the single currency is not in doubt at the moment.

Italy is diving in a deeper political crisis (1)

The inability to form a government in Italy after the leaders of the populist parties have withdrawn leads to the country's entry into a deepening political crisis.
The Five Star leader has said he is considering an impeachment proposal for President Sergio Matarela, while anti-immigrant party leader Mateo Salvini has hinted at a conspiracy and a call for new elections.
Meanwhile, the euro has depreciated against the dollar, in an environment of increasing political uncertainty in Europe.
More and more analysts are concerned that the next financial crisis in Europe may begin in Italy.
The two populist parties have already hinted that they would want to alleviate conditions from Europe, the country's overwhelming debt.
The latest attack on United Europe has become a reality in Italy. Huffington Post Italia prints a government offer in mid-May, according to which populist parties in the country are planning to ask the ECB for debt relief of 250 billion euros.
After the report, interest rates on 10-year Italian bonds reached their highest levels in two months. Interest on government bonds and other euro area countries rose, with Greek 10-year bonds rising by 25 basis points.