Markets

And Now We Need To Come Back To Italy, Which Is Getting Obliterated

By Joe Weisenthal
Read in app
italy rome collisseum
Wikimedia Commons

This morning we started off with hope of a good jobs report, while also noting that Italy was lagging other markets.

Then Italy started getting worse.

Then the jobs report turned out to be a disaster.

And now Italy is a total horror show.

The main FTSE MIB index is off 3.5%.

UniCredit, the big bank, is down 7.7%.

Italian short-term debt is surging.

There are all kinds of fears of contagion and concerns that FinMin Tremonti is on the way out. Scary, scary day. Thankfully it's almost the weekend.

Read next

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

Joe Weisenthal
Prior to joining Business Insider in October 2008, Joe was a correspondent for paidContent.org, as well as the Opening Bell editor at Dealbreaker.com. He previously was a writer and analyst for Techdirt.com, and before that worked as an analyst for money management firm Prentiss Smith & Co.He got started writing with his own infrequently updated blog TheStalwart.com. A graduate of The University of Texas at Austin, Joe's interests include Chinese food, chess and poker.The former Executive Editor, he left Business Insider in 2014.
HOME Subscribe