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Investor confidence in Italy plummets on uncertainty



MILAN (AP) – A designated prime minister to form an apolitical government of technocrats is expected to submit his Cabinet list to President Sergio Mattarella, but investors appear dubious and drop markets.

The Italian stock market The spread between the 10-year Italian government bond and the German benchmark benchmark rose to 230 points, its highest level since October 2013, with interest rates at 2.9 percent.

The designated prime minister, the former IMF representative Carlo Cottarelli meets Mattarella to present his prime ministerial presidency on Tuesday, two days after an attempt by two populist forces to form a government failed because of the rejection of their anti-euro economic minister.

With sharp opposition, Cottarelli's government is likely to miss the vote of confidence later in the week and push Italy back to the polls in the fall.

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