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Italy Exchange Halted for 'Technical Issues' After Plunge

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posted on Feb, 22 2011 @ 06:38 PM
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Italy Exchange Halted for 'Technical Issues' After Plunge


www.businessweek.com

Trading on the Italian exchange remained halted because of “technical issues” after the benchmark FTSE MIB Index fell the most in eight months yesterday on concern Libya’s unrest may affect Italian companies...

..The trading suspension “is something unacceptable,” said Francesco Vercesi, a money manager at Fiduciaria Orefici Sim SpA in Milan...
(visit the link for the full news article)




posted on Feb, 22 2011 @ 06:38 PM
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Ran a search but didn't see that this had been posted; apoligies if it has been.

Obviously this is a point of note for the finance world, but its also of wider interest especially in that we can see here the direct effect of unrest in Libya on a large developed market: More proof if any were needed of the dangers and potentials of ripple effects in a superconnected global economy.

In related news, the London Stock Exchange is facing an official probe about the market shutdown, as it owns the Italian bourse. More ripple effects...or is something else at work here?

www.businessweek.com
(visit the link for the full news article)



posted on Feb, 22 2011 @ 06:59 PM
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Mr. Berlusconi has also served his purpose and as he is well aware it is time for him to step down. Sadly he is reluctant to do what was once agreed upon as a result the Italian economy will follow the same path as its fellow European neighbors.


Sincerely

Tristar.



 
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