Italian Prime Minister Giuseppe Conte, left, speaks with French President Emmanuel Macron during a summit on migration issues at EU headquarters in Brussels on June 24. Italy, France and Spain are all trying to make reforms amid a variety of challenges.
The eurozone's largest Mediterranean members are heading toward choppy seas as 2019 approaches. In Italy, plans to cut taxes and increase spending will make financial markets nervous about the sustainability of the country's debt, while in France, a controversial pension reform proposal will once again prompt the French to take to the streets. Over the border in Spain, the minority government will push for a higher deficit but will struggle to get things done. As all three countries consider delicate economic measures, the risk of blowback from their own populaces, as well as from international investors, will be high....
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