Will Stars Shine On Gold?
Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. Its another negative shock for the European establishment. Will these stars shine on gold?
Five Stars Movement Triumphs
We live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Beppe Grillo who co-founded the Five Star Movement a decade ago. Although the party was initially perceived as a harmless prank, it quickly became a serious threat for mainstream politicians in Italy. In 2013, it reached 25.55 percent of the vote, introducing 109 out of the 630 deputies in the Parliament. It would obtain even more members, but it refused to form a coalition. Fast forward to 2018 the Five Star Movement won about one third of the votes. It means that it will likely be the largest single party and the pillar of the next legislature.
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