Italy's Senate passes the financial stability law - a package of budget savings and economic...

|By:, SA News Editor

Italy's Senate passes the financial stability law - a package of budget savings and economic reforms - by a vote of 156-12. The bill is expected to pass the lower house tomorrow, at which point Berlusconi has promised to resign as PM. Italian shares +1.6%. Italian 10 year BTP yields drop a few more ticks to 6.6%.