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Political uncertainty in Spain and Italy is spooking markets in Europe, with Spanish PM Mariano...

Political uncertainty in Spain and Italy is spooking markets in Europe, with Spanish PM Mariano Rajoy having to fight off allegations that he other leaders of his party took bribes. In Italy, Silvio Berlusconi's party is surging in the polls ahead of upcoming elections as he promises to tear up "German-imposed" austerity policies and cancel a despised property tax. At midday in Europe, Madrid shares were -1.6% and Milan was -2.1%, while Spanish 10-year bonds were +15 bps to 5.21% and those Italy were +7 bps at 4.4%.
Comments (1)
  • june1234
    , contributor
    Comments (3261) | Send Message
     
    There's a real shocker for you. One by one every leader in Europe who continues to promote and pass these austerity packages they know don't work keeps losing election after election while the business and medias in general continue to champion their unpopular and unworkable agendas.Most powerful woman in world as Forbes once referred to German chancellor PM also lost an election. I would like to see Jon Stewart and rest of late night comics take over anchor duties at NBC,Fox CNN etc; at least they're funny.On with the recovery .
    4 Feb 2013, 10:05 AM Reply Like
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