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Black Wednesday on the Milan and Frankfurt stock exchanges: oil and Greek banks are scary

Day of panic on the Milan stock exchange where, one hour after the end of the session, the FtseMib loses 3,6%: flurry of sales and suspensions - Banks and the Berlusconi group in the storm - Slide also in Frankfurt - The collapse of oil and the fear of the danger of bankruptcy of Greek banks are fueling speculation

Black Wednesday on the Milan and Frankfurt stock exchanges: oil and Greek banks are scary

panic selling a Business Square where the FtseMb loses 3,6% one hour after the closing. Above all, bank shares collapse or are suspended due to the contagion effect caused by the risk of bankruptcy of the Greek banks feared by Fitch. Speculation has not missed the opportunity to rage on the Italian stock exchange 8and partly on the German one which is the second worst list in Europe).

In Milan not a single major stock is in positive territory and if it is mainly Banco Popolare, Bper, Bpm, Mediobanca and Monte dei Paschi who are spending the day with losses ranging between 5 and 6%, a heavy decline is also accused by the securities of the Berlusconi galaxy with Mediolanum and Mediaset in the storm.

Worsening economic estimates and the persistent danger of Ebola have also played their part. after the release of data on American sales below expectations, the dollar loses ground in favor of the euro while the Btp-Bund spread stands at around 163.

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