InvestorsHub Logo
Post# of 42555
Next 10
Followers 38
Posts 12059
Boards Moderated 2
Alias Born 03/28/2004

Re: Ataglance2 post# 41615

Sunday, 07/10/2011 1:08:04 PM

Sunday, July 10, 2011 1:08:04 PM

Post# of 42555
Italy scrambles to soothe market jitters

By Deepa Babington

ROME, July 10 | Sun Jul 10, 2011 12:46pm EDT

ROME, July 10 (Reuters) - Italy's government scrambled to present a united front and defend the embattled economy minister on Sunday, hoping to soothe market fears that triggered a sell-off in Italian stocks and bonds last week.

The sell-off, fueled in part by fears that Economy Minister Giulio Tremonti may be forced out, raised concern that market contagion worries might be shifting to Italy and set off alarm bells in the European Union, the ECB and the Bank of Italy.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.