By Trevor Hunnicutt NEW YORK (Reuters) - A spiralling Italian political crisis provoked a global stock market selloff on Tuesday, cut the euro cut to an 11-month low and spiked short-term borrowing costs for the government in Rome. Investors fear that repeat elections - which now seem inevitable in the euro zone's third-largest economy - may become a de-facto referendum on Italian membership of the currency bloc and the country's role in the European Union.
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Wednesday, 30 May 2018
Worsening Italian crisis batters stock markets, euro
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