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Italian bonds suffer worst day in more than 25 years

Updated : May 30, 2018 06:33 AM IST

The moves come after Italy's president appointed a former International Monetary Fund official as interim prime minister, with the task of planning for snap polls and passing a budget.
Investors believe the election will deliver an even stronger mandate for anti-establishment, eurosceptic politicians, casting doubt on the Italy's future in the euro zone.
Ratings agency Moody's warned that Italy was likely to face a downgrade if a new government pursues fiscal policies that do not put debt levels on a sustainable downward path.
Italian bonds suffer worst day in more than 25 years
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