The European Central Bank (ECB) and the Bank of Italy have each said the cost of Italy leaving the Eurozone would be significant.

“ECB governing council member Ewald Nowotny and Bank of Italy deputy governor Salvatore Rossi made their comments after calls from the anti-establishment 5-Star Movement, running just behind the ruling Democratic Party in opinion polls, to dump the euro. Elections could be held as early as June and, with several parties pushing for Italy to quit the single currency, the subject is likely to feature strongly,” reports Reuters.

Alternatives to EWI include the the iShares Currency Hedged MSCI Italy ETF (NYSEArca: HEWI) and Deutsche X-trackers MSCI Italy Hedged Equity ETF (NYSEArca: DBIT), both of which are currency hedged ETFs.

For more information on Italy, visit our Italy category.

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