FTSE suffers triple-digit losses on Italy worries

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The FTSE 100 dropped sharply in morning trading as investors fretted over the future of Italy following a spike in the country's bond yields to record levels.

Despite the news Italian prime minister Silvio Berlusconi is poised to resign, investors sold stocks across the continent as Italian bond yields spiked to record highs above the crucial 7% level. The...

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