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“It adds to uncertainty in Italy and by extension to the euro-zone. Salvini is running high in the polls, if he wins as is predicted, what stops him from pursuing a wholly independent policy that runs against what Brussels wants/likes — flat tax, more spending, higher deficit? It will open a can of worms in the euro-zone. Were Italy to succeed in bringing growth back on the back of that, the EU will have existential questions to answer, given they are so opposed to his policies.”

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