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  • November 2018 (Revised June 2019)
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The Rise of Populism and Italy's Electoral 'Tsunami'

By: Rawi Abdelal, Dante Roscini and Elena Corsi
  • Format:Print
  • | Language:English
  • | Pages:50
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Abstract

Italy’s March 2018 elections led to a populist government that included the right-wing League and the anti-establishment 5 Star Movement. To respect their electoral promises, the two parties came up with a budget plan that provided for a public deficit at 2.4%, a figure higher than what the previous administration had promised the EU Commission. On October 23, 2018, the EU Commission rejected the plan asking Italy to revise downwards the public deficit. The same day, Italian bond yields spoke to 4-year highs, up to 3.7% as investors questioned Italy’s capacity to repay its public long-term debt, the second highest in the EU. Would the Italian government be able to implement its plan?

Keywords

Globalized Economies; Unemployment; Extremism; Political Elections; Immigration; Poverty; Social Issues; Government and Politics; Financial Condition; Financial Markets; Italy

Citation

Abdelal, Rawi, Dante Roscini, and Elena Corsi. "The Rise of Populism and Italy's Electoral 'Tsunami'." Harvard Business School Case 719-042, November 2018. (Revised June 2019.)
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About The Authors

Rawi E. Abdelal

Business, Government and the International Economy
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Dante Roscini

Business, Government and the International Economy
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Related Work

    • November 2018 (Revised June 2019)
    • Faculty Research

    The Rise of Populism and Italy's Electoral 'Tsunami'

    By: Rawi Abdelal, Dante Roscini and Elena Corsi
Related Work
  • The Rise of Populism and Italy's Electoral 'Tsunami' By: Rawi Abdelal, Dante Roscini and Elena Corsi
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