Turmoil in Italy likely to grab attention around G7 finance ministers’ table
WHISTLER, B.C. — Before all the attention turns to the G7’s big show in Quebec next week, the finance lieutenants from the exclusive club of industrialized nations will have a more peaceful setting to discuss global economic issues over the coming days as they gather in B.C.’s Coast Mountains.
But even with a far quieter backdrop than that likely to surround the La Malbaie leaders summit and its headliner, the potentially disrupting force of U.S. President Donald Trump, the G7 finance ministers will still have to address concerns suddenly making noise in Europe.
And the issue involves one of the G7’s own: Italy.
Political turmoil there has been felt across the European Union over worries the country is close to a new financial crisis. There are also concerns — although viewed as unlikely at this point — that Italy could abandon the euro currency.