Italy must reduce unsustainably high level of debt - EU Commission


BRUSSELS (Reuters) - Italy must pursue policies to boost growth and employment to be able to reduce its unsustainably high public debt, the European Commission said on Tuesday.

The Italian stock market fell and state borrowing costs rose on Tuesday as investors took fright at political deadlock after a stunning election that saw a comedian's protest party lead the poll and no group secure a clear majority in parliament.

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