Italy's stocks are in bear market territory as the global market rout reignites budget crisis fears
Business Insider -

Italian stocks enter bear market as global sell-off adds to domestic economic pressures in the country.

The benchmark FTSE MIB index was down 20.1% from its recent high on Thursday morning, marking bear territory.

Italy's budget crisis has been a major driver of recent weakness, with the country's government clashing with the EU over proposed spending.

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Italian stocks briefly entered a bear market on Thursday as the sell-off gripping global...

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