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This time the outcome of the vote was predicted but not the sheer scale. All eyes are now on the health of the Italian banking industry.
Italian Prime Minister Matteo Renzi resigned on Monday, Dec. 5, after suffering a heavy defeat in a referendum on his flagship constitutional reforms. The result — 60 percent voting against to 40 percent voting for — has plunged the country into political turmoil and sent banking stocks to new lows. In particular, Italian banks, which...
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