Cinco your post is, in the modern vernacular, hot!
"In Italy, the new coalition which is causing concern in Brussels and in bond markets, perhaps also had its roots in the Crunch and the reported fact that ever since joining the euro, Italy's average growth has been zero."
Jon Henley European affairs correspondent
@jonhenley
Thu 17 May 2018 12.35 BSTLast modified on Thu 17 May 2018 16.26 BST
www.theguardian.com/world/2018/may/17/populists-rise-to-power-in-italy-sets-perilous-precedent-for-eu
"Italy’s new government, likely to be formally confirmed within the next few days, sets a perilous precedent for Brussels: it marks the first time a founding member of the EU has been led by populist, anti-EU forces.
Economists and the Italian media have costed the agreed M5S-League policy programme at between €65bn and €100bn. And the two parties have repeatedly said they feel no need to respect European commitments in implementing their programme.
Fed up with the country’s long, seemingly irreversible economic decline, persistent high unemployment, and a refugee and migrant crisis, Italy’s voters turned on the political centre that has governed (or failed to govern) Italy since the 1980s.
But some analysts fear that if the radical new government they elected does push ahead with its promised policies, the result could be a Greek-style banking and debt crisis in the eurozone’s third-largest economy.
Italy’s debt mountain is €2.3tn, or 132% of GDP, the highest ratio anywhere in Europe apart from Greece. If – and it’s a big if – the coalition starts reversing recent reforms and racking up deficits, markets could rapidly lose faith in Italy’s ability to repay. And if that happens, things could turn quite nasty, quite quickly.
Europe’s, and especially the eurozone’s, biggest fear is that Italy plunges into the kind of economic meltdown that eventually came very close to catapulting Greece – by that stage led, remember, by a radical-left government that was hellbent on overthrowing the eurozone’s rules – out of the single currency in 2015.
The parallel is far from perfect, and neither M5S nor the League seem to be spoiling for the kind of fight that Syriza once sought. But the EU could most certainly do without a Greek-style crisis on an Italian scale."
1 May 2018 by Ian Kearns:
"Forget Brexit, the EU may be on the brink of collapse"
"If and when a new crisis comes, there will be no common European response. Individual eurozone countries will be largely left to fend for themselves while EU leaders, as in the last crisis, seek to make decisions largely on the hoof. The question now is for how long eurozone leaders can get away with it? And the answer is not, perhaps, for much longer."
capx.co/forget-brexit-the-eu-may-be-on-the-brink-of-collapse/
Diane James MEP "The Euro will collapse soon, lets hope it is orderly. 15/03/2018
"For once, I can honestly say thanks to Gordon Brown for not dragging us in, but please note this: if we had not voted for Brexit we would have been sucked into the Euro within a few short years, and we would be one of the countries facing this crisis."
www.huffingtonpost.co.uk/diane-james-mep/euro-collapse_b_15335826.html