The Milan stock exchange slid by 2%
in mid-morning trading on Friday, driven by the sale of bank
stocks amid ongoing investor concern.
The FTSE Mib index dropped to 25.950 points, in line with other
European markets.
Unicredit, Banco Bpm and Bper shed 4.2%, Monti dei Paschi di
Siena fell by 4.4% and Intesa lost 3.3%.
The slide came after the Milan bourse opened down 0.72% on
Friday and continued the negative trend.
It reflects ongoing concerns among investors about the stability
of the financial system, despite Eurogroup President Paschal
Donohoe saying he is "confident about the resilience of our
banking system".
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