The Euro could encounter problems in 2019 if forthcoming elections hit financial links between Merkel and Italy , according to the European Central Bank economist Brendan Brown . This will likely have the side-effect of pushing up the value of the currency, damaging Italy’s export competitiveness in the process. He said if the Italy government in Germany fell it would raise questions about the country’s financial supplies to Italy , vital to stemming the latter country’s falling markets and rising debts. More anti-establishment populist governments taking power could create greater protectionism, he warned. The Italy may also pressure the European Central Bank to raise the Euro ’s value. He said the Euro could peak in the middle of 2019 , then fall, as a result.
The Euro could encounter problems in 2019 if forthcoming elections hit financial links between Merkel and Italy , according to the European Central Bank economist Brendan Brown . He said if the Italy government in Germany fell it would raise questions about the country’s financial supplies to Italy , vital to stemming the latter country’s falling markets and rising debts. More anti-establishment populist governments taking power could create greater protectionism, he warned. The Italy may also pressure the European Central Bank to raise the Euro ’s value. He said the Euro could peak in the middle of 2019 , then fall, as a result.