Italian Crisis Hurts European Markets

A deepening political crisis in Italy provoked a second day of heavy selling on European financial markets, with the euro cut to a 6-1/2 month low, stocks punished and short-term borrowing costs surging for the government in Rome.Investors fear that repeat elections - which now seem inevitable in the euro zone’s third largest economy - may become a de facto referendum on Italian membership of the currency bloc and the country’s role in the European Union.https://ift.tt/2shtbU9 via /r/business https://ift.tt/2IZDliR