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Europe markets sanguine about Italian referendum defeat

After the referendum vote that rejected the Italian government's bid to alter the Constitution, banking stocks fell, and so did government bonds and the euro, but all recovered thereafter.


ITALY began the week with the threat of expectations of an election and a banking crisis, following the government's referendum defeat. Instead, after an initial plunge, banking stocks, government bonds and the euro revived on hopes that the European Central Bank (ECB) would come...

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