Printer Friendly

Inconclusive elections could weigh down on Italian banks.

Global Banking News-March 5, 2018--Inconclusive elections could weigh down on Italian banks

(C)2018 ENPublishing -

Global Banking News - 05 March 2018

Investors dumped Italian bonds and banking stocks on Monday after a national election delivered a hung parliament, Reuters has reported.

The anti-establishment 5-Star Movement became the largest single party in the nation. Concerns are rife that power will go to a more anti-euro coalition, which would demand higher welfare spending and challenge European Union budget restrictions.

Italy's banking stock index fell, which analysts believed are on track for its biggest one-day loss in more than a year.

Bank stocks have been hit because of concerns that any coalition emerging from negotiations could likely weaken Italy's fiscal stance.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Mar 5, 2018
Previous Article:Indian minister blames former government for banking ills.
Next Article:Republic Bank opens new banking centre.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |