e expect to be re- elected in September. The political risk in continental Europe is now centered in Italy, but we were encouraged that its far- left Five Star Movement suffered key defeats in recent regional elections, which could bode well for their next national elec- tion, likely to occur next spring. In additio

d in Milan. In the meantime, he said, he ad- mires Italy's populist parties for already being on the technological «Whether I do it or a local entre- The Five Star Movement, a web-based party that preaches di- rect, online democracy, and the League, the hard-right, formerly northern-based party, both dominated social me-