Italy on the Edge of Crisis: Should Europe Be Worried?

Share prices across Europe have slumped over the latest political crisis in Italy. The country could be facing yet more elections within months.

The populist Five Star and League parties failed to form a governing coalition after the Italian president, Sergio Mattarella, rejected a leading eurosceptic as economy minister. The technocrat Carlo Cottarelli has been charged with forming an interim government - but its future already looks doomed before its even been created.