Italy leaving the European Union and the Eurozone would be a “disaster” for the bloc from both a political and economic perspective, as it could lead to a turmoil in the financial markets and the departure of more countries, experts have claimed.

The shocking outcome of the election that took place in Italy last Sunday has paved the way for populist parties Lega and Five Star Movement, which together gathered more than 50 per cent of the votes.

Both the forces are eurosceptic and have in the past promoted the idea of pushing Italy outside of the EU and the eurozone.

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