Credit markets take Italian referendum in their stride

Credit markets reacted with calm on Monday morning following news of Matteo Renzi’s resignation as Italian prime minister

Comment by: Anonymous. Posted 7 years ago [2016-12-07 16:17:17]

Markets are interesting - there are times when it just seems that traders watch each other to gain comfort (or to panic) rather than ponder the fundamentals. One way or another, Italy and its banks will default on debt payments over the next decade.