There are profound splits in Europe over migration with East European countries refusing to take in quotas of migrants. Italy has also joined the opposition.
On Sunday Italy’s President Sergio Mattarella refused to endorse Eurosceptic Paolo Savona for finance minister.
Savona was the nomination of coalition partners, the Five Star Movement (M5S) and right-wing party the League.
Mattarella then rubbed salt in the wound with an invite to former IMF official Carlo Cottarelli to form a government. The reaction from the M5S/League coalition was fury.Read more
As expected western air strikes on Syria took place at the weekend. The allies of course declared the strikes a resounding success.
The markets seems to have concluded that the limited strikes means the threat of escalation is low.
But some discrepancies raise more questions on the direction the clash between the rival powers goes.Read more