June 8, 2017 - Il Sole 24 Ore published an editorial by SEP senior fellow Carlo Bastain in which he discusses how for the first time since 2016, the increase in political uncertainty has not shown significant financial implications. In the case of the Brexit referendum and Trump's election, the financial markets have even responded positively. While the Italian referendum and the French vote had little effect. However, the circumstances of these political-financial events must be observed with caution. Professor Bastasin warns that the real electoral risk may be dependent on how and when the ECB will reduce its expanding policies.