Italian debt and Covid-19 how do financial markets diagnose Europe’s underlying condition?

McMenamin, I., Breen, M. & Muñoz-Portillo, J. (26 May 2020) Italian debt and Covid-19 how do financial markets diagnose Europe’s underlying condition? LSE European Politics and Policy (EUROPP) blog.
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What do financial markets make of the economic impact from the Covid-19 pandemic? Iain McMenamin, Michael Breen and Juan Muñoz-Portillo track how the markets have judged the risk of an Italian default since the start of the crisis. They write the market response appears to have been driven in part by the level of solidarity shown from other EU states.

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