One look at the reaction in Italian assets this morning following the formation of a 5-Star/League coalition government in which the "worst case" was averted, and euroskeptic Paolo Savona was prevented from becoming FinMin, that honor instead falling to another closet euroskeptic, Giovanni Tria, and all one sees is euphoria, with the Italian FTSE MIB stock index higher by 2.
8%, rallying the most since the end of February and recouping much of its losses for the week...Goldman: "We Would Fade The Recent Rally In Italian Assets", Here's Why
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