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Letta called Berlusconi's move a 'crazy gesture' (Photo: cristian)

Markets nervous as Italian government nears collapse

Risk of snap elections in Italy is causing jitters on financial markets, but some say investors have grown accustomed to the chaos.

The value of Italian debt hit a two-week low, while the value of 'safe haven' German bonds ticked upward when markets opened on Monday (30 September), Reuters reports.

"There's a sense things are now spinning out of control, with potentially dangerous consequences for both Italy and the eurozone," Nicholas Spiro, head of Spiro Sovereign Strategy, a L...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Letta called Berlusconi's move a 'crazy gesture' (Photo: cristian)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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