Yesterday, in the aftermath of the latest Italian political drama, in which president Mattarella openly mocked democracy, and vetoed the choice of the euroskeptic economy minister Paolo Savona, we warnedthat this outcome was even worse for markets than the one which most had dreaded, namely Mattarella folding and greenlighting the 82-year-old professor for reasons we laid out article from Sunday.
Italian Bonds, Stocks Crash In Furious Reversal As Political Drama Explodes
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