Italian markets hit by fears of govt spending binge

ReutersNews Published May 18, 2018 0 Plays

Rumble / Trending News - Italy's two anti-establishment parties have promised to ramp up spending in a programme for a new coalition government, putting them on a collision course with the European Union despite having dropped some of their most radical proposals. As Sonia Legg reports, it sent Italy's long-term borrowing costs up to more than seven-month highs while stocks in Milan fell more than one percent.