How Italy’s Escalating Feud With Macron Puts Business at Risk

  • Deep ties between top euro-area economies raise the stakes
  • At issue are shipbuilders, rail link, Franco-German dominance
Photographer: Alessia Pierdomenico/Bloomberg
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With French and Italian leaders at each other’s throats and relations at the lowest ebb since World War II, the risk of damaging fallout for business is growing.

The first possible casualty: a $10 billion project to link Turin to Lyon via high-speed rail. It’s already a hot potato between Italy’s squabbling coalition partners. Deputy Premier Luigi Di Maio, whose visit with a Yellow Vests leader near Paris precipitated the current crisis, doubled down on his opposition to the tunnel on Friday.

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How Italy’s Escalating Feud With Macron Puts Business at Risk