Markets
Italian stocks plunge more than 3 percent
MILAN : Italian stocks plunged more than three percent on Wednesday ahead of a meeting in which the government is exp
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MILAN: Italian stocks plunged more than three percent on Wednesday ahead of a meeting in which the government is expected to unveil a package of structural reforms aimed at slashing the budget deficit.
At around 1300 GMT, the FTSE Mib index in Milan was down 3.46 percent at 15,178 points, with bank shares particularly hard hit. Italy's largest banks UniCredit and Intesa Sanpaolo suffered the biggest share price drops.
Copyright AFP (Agence France-Presse), 2011
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