Italian hatchet job: BTPs lead market shock
A populist coalition poised to take power in Italy sent shudders across markets this week, with the concerns going well beyond BTPs and Italian corporates to spill into other countries and raise questions over the future of eurozone capital markets unity. Craig McGlashan, Jasper Cox and Sam Kerr report.
The catalyst for much of the price action was a leaked document from the Five Star Movement and the Northern League that suggested much of the toned down rhetoric on debt relief and euroscepticism would be ramped back up if they took power.The leak of the first ...
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