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Hmmmm we were told by the left Europe had it all figured out.
ITALY IS SIMILAR TO USA WITH BUDGET DRAMA
Italy’s stock market slumps as budget drama looms, weighs on broader European bourses
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Italian stocks were trading sharply lower on Friday as the drama of the country’s budget plan erupted anew and pushed up its sovereign bond yields amid worries that a market-disrupting conflagration between the European Union and Rome won’t be averted.