<p><div class="image-container float_right" style="width:400px"><div class="image"><img src="http://static1.businessinsider.com/image/500025cb6bb3f79d12000015-1043-783/bulls-11.jpg?maxX=400" border="0" alt="bull, bullfighting, spain, horse, crash, danger, aweful, AP" width="400" /></div><p class="source">AP</p></div>We just noted that <a href="http://www.businessinsider.com/italian-stocks-fall-and-borrowing-costs-rise-after-italian-election-2013-2">the Italian market is plunging today</a> -- down nearly 5% -- after an election that seems virtually guaranteed to lead to a hung parliament or an unstable coalition incapable of doing anything.</p>
<p>The vote was not only a rejection of the current "reform" path, it was a big rejection of the EU/Merkel/the ECB/etc.</p>
<p>Anyway, the fallout isn't limited to Italian stocks.</p>
<p><keyword id="6363645" type="COUNTRY" weightage="60" keywordseo="Spain">Spain</keyword> is down 3.4%, and its borrowing costs are spiking to.</p>
<p>Meanwhile, Germany is down 2%.</p>
<p>France is down 2.59%.</p>
<p><a href="http://www.businessinsider.com/italian-stocks-fall-and-borrowing-costs-rise-after-italian-election-2013-2"><strong>For more on the Italian wreck, see here &gt;</strong></a></p>

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BusinessInsider

The Spanish Market Is Collapsing Too

APWe just noted that the Italian market is plunging today -- down nearly 5% -- after an election that seems virtually guaranteed to lead to a hung parliament or an unstable coalition incapable of doing anything. The vote was not only a rejection of the current "reform" path, it was a big rejection of the EU/Merkel/the ECB/etc. Anyway, the fallout isn't limited to Italian stocks. Spain is down 3.4%, and its borrowing costs are spiking to. Meanwhile, Germany is down 2%. France is down 2.59%. For more on the Italian wreck, see here &gt;

APWe just noted that the Italian market is plunging today -- down nearly 5% -- after an election that seems virtually guaranteed to lead to a hung parliament or an unstable coalition incapable of doing anything. The vote was not only a rejection of the current "reform" path, it was a big rejection of the EU/Merkel/the ECB/etc.

The Spanish Market Is Collapsing Too

Joe Weisenthal

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