Walter Veltroni is running for the center-left, targeting the local mafias that keep local economies frozen. He wants a more efficient state, with more incentives for venture capitalists and a renewed desire to take chances.
Veltroni’s leadership may be a ray of hope for the iShares MSCI Italy Index (EWI), which is down 7.1% year-to-date.
If there’s a tie, both sides might have to join forces to pass the badly needed reforms.
