European Economics

European Economics Weekly

10 August, 2018

Worries over Turkey and Italy hit European markets

While worries about the exposure of euro-zone lenders to Turkey weighed on the euro and European banking stocks on Friday, the economic spillovers to the region should be fairly modest. Meanwhile, comments from Italy’s Deputy Prime Minister Luigi di Maio that Italy would once again pursue tough tactics in its budget negotiations with Brussels did nothing to quell investors’ concerns about the country’s fiscal outlook.

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