Mounting tensions between the European Commission and Italy's fledgling government are sending the European Union down an unprecedented road with an unclear outcome, as investors grow increasingly worried about the longer-term implications for the bloc and European markets.
The battle began earlier this month when Italy's new government moved away from the EU's fiscal rules by wanting a budget deficit equal to 2.4% of GDP in 2019, instead of the 1.6% previously proposed by...
Songs from writers Johntá Austin, Sean Garrett and Rico Love
Analysts in bullish mood
Uncertainty has resulted in 2% less growth
Expected to complete in Q2