E.U Tensions With Italy

"Italy's populist government calls EU leaders the enemies of Europe"

Global stocks have plunged for the third day, as investors brace for Italy's clash with the EU. Market price force slows down between Italy's populist and the EU, after Laliga's leader called European commission leaders, enemies of Europe. Tensions fled up after the populist responded to a letter from EU's officials to finance minister Giovanni Tria, warning that the budget is a source of serious concern. At an event with French nationalist, Marion Maréchal - Le Pen, Matteo Salvini, leader of the far right Laliga said that the policies of austerity of the last few years have increased Italian debts, and impoverished Italy. Luigi Di Maio, Italian Minister of Economic Development, Labor and Social Policies, predicted that there would be an earthquake in next year's European parliamentary elections as a result of changes to EU rules demanded by austerity revoters.

Report says that, the MIB(Milano Induce di Borsa) in Italy, dropped to a six month's low after tumbling as much as two and a half percent whilst the spread between the Italian, and German ten year bond deals, a key indicator of risk in the Italian economy, hit a fresh five year low.