Brussels fears Italy’s instability and populism could spread to Spain

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Political fragmentation and the emergence of a far-right party has raised concerns that the fourth-largest economy in the European Union could fall prey to euro-skepticism

The European Union, just like the markets, is ruling out a financial or budget meltdown as a result of the snap election announced in Spain for April 28. But Brussels is afraid that the euro zone’s fourth-largest economy could be affected by the same kind of political instability seen for years in Italy, which is currently led by a populist and euro-skeptic government.

The risk of seeing Spain follow in Italy’s footsteps is creating apprehension among EU institutions, which view Spain as one of the few member states that supports European integration and remains free of extremist parties.