Investors could be forgiven for getting flashbacks to Europe’s debt crisis.
Italian yields surged to a seven-month high Wednesday on news that a putative anti-establishment government has discussed a 250 billion-euro ($295 billion) debt write-off from the European Central Bank. The bond rout in the euro-area’s third largest economy spilled over across the region’s markets — including those of Greece — and pushed the euro to this year’s lowest level.
kursgraf: