Hmmmm we were told by the left Europe had it all figured out.
ITALY IS SIMILAR TO USA WITH BUDGET DRAMA
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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.