Italy's shift right: Impact on European EM (Russia, Hungary, Greece, Turkey)
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Victory for rightist, anti-EU coalition of Meloni, albeit with under-performance by more radical partner Salvini
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Within European EM, potentially positive for Hungary, Russia, Turkey and negative for Greece, Morocco, Tunisia, Ukraine
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The more Meloni panders to coalition partners Salvini and Berlusconi, the worse for EU fragmentation, disunity on Russia
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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