Is Italy the new Greece?

Italy is the verge of a major political and economic crisis. On March 4, an anti-establishment Italian coalition won power on promises to confront eurozone-imposed austerity, but now, that coalition is fracturing under pressure from eurozone defenders who wield key points of power. Italian stocks are falling. Markets are getting jittery. And the financial media is once again warning about possible "contagion" that could infect the global economy.

Which begs the question: Is Italy going to...

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