Italian government fears wrath of markets

Italy’s centre-right government sent strong signals to international markets on the 5 August 2010 that the current political crisis, which carries the chance of early elections, would not derail its commitment to containing soaring debts and reducing the budget deficit.

But with the spectre of Greece’s debt crisis ever present, the risk of debt mar­kets reacting badly to uncertainty over the fate of Silvio Berlusconi’s coalition is set to become a big factor in the tough choices confronting Italy’s politicians.

ESO: Background information: Poll gamble nearer for Berlusconi http://www.europeansources.info/record/poll-gamble-nearer-for-berlusconi/

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