Comments on: Italy’s economy halts, EU clash prevails https://ukinvestor.foxrobinson.com/italys-economy-halts-eu-clash-prevails/ Tue, 20 Nov 2018 10:19:39 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Italy’s budget breakdown ahead of tomorrow’s decision - UK Investor Magazine https://ukinvestor.foxrobinson.com/italys-economy-halts-eu-clash-prevails/#comment-8868 Tue, 20 Nov 2018 10:19:39 +0000 https://ukinvestor.foxrobinson.com/?p=15788#comment-8868 […] The budget disrupted the financial markets for several reasons. Firstly, the Italian economy is the third largest in the Eurozone following Germany and France. Despite its size, its debt stands at 131% of national output, making government debt second to Greece. Next, its banking system is facing deep fragility after two decades of stagnated economic growth. The yield on 10-year government bonds rose above 3% and the Milan stock exchange suffered. Indeed, the FTSE MIB was at its weakest level in 18 months. Moreover, the flat quarterly reading in the third quarter was the weakest figure since the fourth quarter of 2014. […]

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