Italian political crisis drives up borrowing costs

Posted by Forexsq 1082 days ago (
img Italian Prime Minister Mario Monti's imminent resignation drove up the country's borrowing costs on Monday, as markets took fright at the prospect of a return to an old-style Italian political crisis.

The spread between Italian BTPs and German Bunds widened to 349 basis points from 325 late on Friday and BTP future shed more than a point on concern over Monti's departure.

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