It’s been a rollercoaster week for stock markets. On Tuesday, Italy’s prospective coalition government collapsed after Italian President refused to endorse its choice of a hardline Eurosceptic as Finance Minister. The news roiled markets. Italian government bond yields spiked, stock markets around the world saw sell-offs, particularly in bank stocks, and the Euro’s exchange rate tumbled on fears that Italy might default and leave the Euro. However, when the coalition parties agreed to talks aimed at resolving their differences with the President and forming a government, markets calmed down. Even though there is still no government in Italy, Italian […]
Full Post at www.forbes.com