Monti departure in Italy shakes markets

12/10/2012 | Reuters · Financial Times (tiered subscription model)

Fear spread in the eurozone in the wake of Italian Prime Minister Mario Monti's announcement that he was stepping down, with Italian borrowing costs surging and stocks falling. Meanwhile, Italy reported industrial output declined an unexpectedly sharp 1.1% in October, pointing to prolonged recession.

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Reuters · Financial Times (tiered subscription model)

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