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Italy Election Outcome A Concern For EU

Headlines out of Italy this morning may come as a surprise to many U.S.-centric investors, but for those who have paid attention this may have looked doomed from the start: a coalition government between two anti-establishment parties — the progressive 5 Star and the far-right The League — appears to have hit a major bump in the road that threatens to send the wheels flying off.

The mandate to form a new government has been refused, and fresh elections now look imminent.

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