Italy at risk of new financial crisis in wake of coalition's collapse

Shares in New York and Asia fall sharply as investors and EU politicians take fright at strengthening mood against euro

Italy risks careening into a new financial crisis after the Bank of Italy said the country’s leaders could not “disregard” financial constraints and its commitments to Brussels.

Markets around the world were also shaken with the Dow Jones industrial average in New York falling almost 400 points, or 1.58% on Tuesday as investors shifted money into the safe haven of US bonds, putting pressure on bank shares.

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from World news | The Guardian https://ift.tt/2sgwTNQ