Amidst growing financial fragility, Italy’s government has come apart, creating a renewed period of crisis and uncertainty. Domenico Fanizza, executive director for Italy, Portugal, Greece, Malta, Albania and San Marino at the International Monetary Fund, and Erik Jones, professor of European studies at Johns Hopkins University, join OMFIF’s Sofia Melis for a discussion on Italy’s political crisis. They assess the political and programmatic synergies that could bring together the Five Star Movement and the Democratic Party, and the possible market reaction to failed coalition talks. Further topics include different budget scenarios, as well as the implications of France and Germany’s changed fiscal stances on Italy’s 2020 budget.