OPINIONISTA: Super Mario’s exit signals chaos ahead for Europe

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OPINIONISTA: Super Mario’s exit signals chaos ahead for Europe
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This has been a seminal week for Europe, politically and economically. The drama has played out in familiar places: the palaces of Rome and the austere Mitteleuropean skyscrapers of Frankfurt.

? Who gains? Early indications are that Giorgia Meloni’s far-right Brothers of Italy stands to be the biggest winner, alongside its right-wing allies of Matteo Salvini’s League and Silvio Berlusconi.

Italian debt remains eye-wateringly high, at more than 150% of GDP. Whoever takes over as prime minister will have to roll over €200-billion of maturing debt by December. Not to be confused with the test for syphilis of the same name, this scheme is designed to help any euro member state deal with “unwarranted” financial stress .

That will be tricky if Italy no longer has a credible leader, but instead a fire-and-brimstone-spouting populist.

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