Prospect of anti-euro economy minister brings fresh concern to Italy's markets


  • World
  • Wednesday, 23 May 2018

FILE PHOTO: The Milan Stock Exchange entrance is seen before Pirelli's ceremony, downtown Milan, Italy, October 4, 2017. REUTERS/Massimo Pinca

ROME (Reuters) - The prospect of an 81-year-old economist critical of Italy's euro zone membership becoming economy minister has brought fresh concern to Italian markets already rattled by the imminent formation of an anti-establishment government.

Italian bond yields rose on Tuesday as reports surfaced that Paolo Savona was the favoured candidate of the two parties trying to form a coalition: the far-right League and the anti-establishment 5-Star Movement.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Australian state parliament to be recalled to pass stricter gun laws
Japan cancels H3 rocket launch due to 'facility trouble'
Europe to vote on scheme to help abortion access
Sydney mourners remember slain rabbi at Bondi Beach funeral
Authorities still trying to identify Brown University gunman three days into manhunt
Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
Belarusian president calls for fast action on Ukraine war while US is engaged
More Europeans favor stronger China ties in tech: report
Arctic sees warmest year on record since 1900: report
Man, couple who died trying to stop Bondi Beach attackers praised for heroic efforts

Others Also Read