Stocks, Italian Bonds Slide As Salvini Says Italy “Willing To Break EU Budget Rules”

Brussels won’t like this.

Matteo Salvini, a deputy prime minister, leader of Italy’s populist League Party, and perhaps the most powerful figure in the Italian government, sent the euro reeling and Italian bond yields surging Tuesday when he said his country is ready to break EU fiscal rules governing the size of its budget deficit.

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Italy

Italy’s benchmark FTSE MIB trimmed earlier gains to 0.5% from 1% earlier as a 10-year government bond yield moved higher.