Italy’s political earthquake will shake the old European hegemony to its foundations

Italian voters have swept away their country’s pro-European establishment after seventy years of unbroken rule, marking a revolutionary turn in Europe’s post-war history.

Populist parties of Left and Right command the political landscape of a major eurozone state for the first time, vowing openly to defy EU fiscal rules, banking codes, and migrant policies.

Both wings have pledged to roll back reforms forced on Italy by the European Commission and the European Central Bank.

Both are committed to manifestos that put them on an unstoppable collision course with the Franco-German hegemony.

Economic recovery has come too late to reverse the political legacy of economic depression and austerity overkill….

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