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Monti’s plan to step down hit Italian shares

By Quartz Staff


A link from BBC

Italian stocks have fallen sharply, reacting to news that Prime Minister Mario Monti plans to resign and former prime minister and convicted fraudster Silvio Berlusconi is to run for office again. The main Italian stock index fell 2.7%. Monti became the leader of a technocrat government in 2011, replacing Berlusconi, after a sharp rise in Italy’s cost of borrowing.