Tuesday, February 26, 2013

Italy shares, bonds sink as shock vote reignites euro fears

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Italy shares, bonds sink as shock vote reignites euro fears

MILAN (Reuters) – Italian stocks and government bonds fell sharply on Tuesday, after a parliamentary election left Italy facing political standstill and rekindled fears of a new euro zone debt crisis. Shares in the main stock market index fell 4.6 percent, dragged down by losses of up to 10 percent on banks such as IntesaSanpaolo and UniCreditMI , huge holders of Italy’s 2-trillion euro ($2.6-trillion) state debt.

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Italy shares, bonds sink as shock vote reignites euro fears

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