Financial Times blames Berlusconi for plunge in markets

Chance of ex-premier returning to office 'raising fears'

Financial Times blames Berlusconi for plunge in markets

Rome, February 4 - The Financial Times on Monday attributed a plunge in the Milan bourse to former premier Silvio Berlusconi's climb in the polls ahead of general elections later this month. According to the financial daily's website, the fact that Berlusconi's center-right coalition is only 5 points behind the leading center left in opinion polls has "raised fears" surrounding the vote in Italy, which explains the sudden drop in the Milan bourse. Italy's major stock market fell by a full 4.5% on Monday. The uncertainly over Italy's political future also pushed wider the spread between Italy's benchmark 10-year bond and its ultra-safe German counterpart by 20 basis points, to close at 282 points.

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