AFP, Milan : Italy's political situation is once again in flux after far-right Deputy Prime Minister Matteo Salvini pulled the rug out from under the ruling coalition. With the eurozone's third largest economy facing possible snap elections, here is a look at the potential financial fallout. As soon as the markets opened on Friday, the spread - or difference between yields on 10-year Italian government debt compared to those in Germany - jumped 25 points to 235 points, reflecting investor jitters. Milan's stock exchange, opening for the first time since Salvini's statement late Thursday, plunged more than two percent. "Uncertainty has a price: the spread, and the possible downgrade of Italy by rating agencies," Carlo Alberto Carnevale Maffe, professor at Milan's Bocconi University, told AFP.
Editor: A.M. MUFAZZAL, Managing Editor: ARSHAD HOSEIN.
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