Italian Prime Minister resigns


Enrico Letta is stepping down after the leader of his own party - Florence Mayor Matteo Renzi - pulled his support. Since being voted as leader of the center-left Democratic Party in December, Renzi has been critical of Letta because of the slow pace of economic reform.

Letta was in power for less than 10 months, about par for post-WWII Italian governments.

Official statement

Italian stocks suffered early in the day as the resignation became likely, but closed down just 0.23%. EWI is higher on the session by 0.6%.

Other ETFs of note: ITLY, ITLT

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Comments (1)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    Italy the third world country posing as developed lol
    13 Feb 2014, 01:34 PM Reply Like
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