Weekend Charting and Chat, page-5

Looks like Italy is preparing to exit the eurozone . . .

LONDON (Reuters) - Italy’s bond yields rose, its stocks fell and the euro briefly weakened on Thursday after the Italian government appointed two eurosceptics to head key finance committees in parliament.

Claudio Borghi and Alberto Bagnai, both from the far-right League, were picked to head, respectively, the Budget Committee in the lower house of parliament and the Finance Committee in the upper house Senate.

The appointments renewed market jitters about the new coalition government’s commitment to the single-currency bloc.

Borghi and Bagnai have both repeatedly said the single currency project was a mistake. Bagnai, an economics professor, wrote a book in 2012 called “The sunset of the euro,” which League leader Matteo Salvini has said helped form his own eurosceptic views.

https://uk.reuters.com/article/uk-e...-head-key-parliament-committees-idUKKBN1JH1BHis