Italian Bonds, Stocks Tumble On March Election Report

Two days after Prime Minister Paolo Gentiloni’s one-year anniversary of taking the country’s top job, Italy’s political parties have reached an agreement on when next year’s election will be held, according to Italian media reports, with the news prompting a selloff across Italian assets. According to local press, President Sergio Mattarella will dissolve parliament this month and set a March 4 election date.
The date has not yet been formally confirmed, but according to Repubblica, Italian President Sergio Mattarella – the only person who can call an election – and Italy’s main political parties have agreed on the date for Italy’s next general election. The vote has to be held before May 20th, 2018, The Local notes.

This post was published at Zero Hedge on Dec 13, 2017.