Frankfurt stock exchange. Eurozone markets are shaken by Italian political uncertainties. (Photo: Bankenverband - Bundesverband deutscher Banken)

Italian crisis felt in Spain and wider EU

The shockwaves of Italy's political crisis started to be felt on eurozone markets and in the EU corridors on Tuesday (29 May), amid fears of contagion to Spain and accusations of European pressure on Italian democracy.

Italian bonds suffered their worst day on financial markets since 1992. The two-year bond, a sign of short-term market confidence, jumped by 150 points.

The difference with German bonds, which are used as a reference - reached 300 points for 10-year bonds, the high...

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