FRANKFURT, Germany (AP) — Italy’s political turmoil has sent a wave of concern through Europe’s 19-country currency union, with serious tremors hitting the country’s government debt market.
One big reason for the worry: the firewalls the eurozone built to prevent a rerun of its 2010-2012 debt crisis largely depend on countries being willing to play along with the currency bloc’s financial rules.
And that’s the last thing Italy’s populist parties say they want to do.Bond markets shuddered Tuesday, sending the yield on the Italy’s two-year bonds sharply higher — a sign investors think the bonds have suddenly become riskier investments. The […]
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