Banks have come under more pressure while the European Central Bank also faces a test. In fact, some say the whole Eurozone concept is looking a bit wobbly, following Italy’s referendum result.
The situation could add some nervousness into the negotiating position of the EU ahead of its talks with the UK.
It won’t stop the EU being miffed with the UK starting off the populist craze though — Italy’s minister for European affairs has said Brexit started the disintegration of the EU.
But the wider political response has not all been bad and the market mood has brightened over the morning. No doubt thanks, in part, to Austrian voters’ decision to reject its own anti-establishment electoral candidate.
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