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Italian markets hit by fears of govt spending binge

Friday, May 18, 2018 - 01:46

Italy's two anti-establishment parties have promised to ramp up spending in a programme for a new coalition government, putting them on a collision course with the European Union despite having dropped some of their most radical proposals. As Sonia Legg reports, it sent Italy's long-term borrowing costs up to more than seven-month highs while stocks in Milan fell more than one percent.

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Italy's two anti-establishment parties have promised to ramp up spending in a programme for a new coalition government, putting them on a collision course with the European Union despite having dropped some of their most radical proposals. As Sonia Legg reports, it sent Italy's long-term borrowing costs up to more than seven-month highs while stocks in Milan fell more than one percent.

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Italian markets hit by fears of govt spending binge

Friday, May 18, 2018 - 01:46