In Las Vegas they call the really big gamblers – the ones whose fortunes can make or break a casino – the “whales”. For the European Union, Italy is the whale – the country whose economy and debts are so large that the fate of the single currency and the EU itself hang on its future. Read more
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For views and opinions on the European Union from Peter Spiegel, Joshua Chaffin, Alex Barker and James Fontanella-Khan, follow the