Asia stock markets slump and oil rises on fears Iran war may drag on
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The conflict in the Middle East has rattled financial markets and global
energy prices have soared.
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Thursday, November 10, 2011
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However, they cautioned that the government was not a done deal and the situation could change by the hour. Berlusconi's chief coalition partner, the populist Northern League said it would not back Monti.
ReplyDeleteHowever the party, which is split internally, has resisted a key reform on pensions. It may have made a calculation that it would benefit from a period in opposition to redress a sharp loss of popularity from its association with Berlusconi.