Saturday, February 23, 2013

Two European elections, one feared outcome

italy-economy
FORTUNE -- The outcome of two elections this coming weekend could push Europe back to the edge of economic calamity. Sovereign bond investors in London and on the continent will be watching voter returns in Italy and Cyprus intently to see if anti-bailout and anti-austerity candidates triumph at the polls. If the results lead to radical or deadlocked governments in either nation, the markets could punish government bonds throughout the eurozone periphery, reigniting investors' fears of a potential collapse of the euro.

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