Political Fears Roil Europe as Italian Stocks Slide With Spain
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Politics dominated European markets on Friday as Spanish stocks sank on the prospect of a change in government, while Italian equities slid on the program of a new administration.
Spain’s IBEX 35 Index headed for its biggest one-day drop since early February, losing as much as 2.7 percent, after the opposition called a vote of no-confidence against Prime Minister Mariano Rajoy’s minority administration, sparking concern of a snap election.