LONDON (Reuters) - Italian stocks pared losses and bond yields came off the day's highs on Monday after Reuters reported senators from the centre-right party could rebel against Silvio Berlusconi if he continues to threaten to bring down the government.
As many as 20 senators from the centre-right party of Silvio Berlusconi are ready to form a breakaway group unless the former premier backs down on his hard line to bring down Italy's government and head to elections, a top member of the party told Reuters on Monday.
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