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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 editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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