Milan stocks rise 1.75 percent after president vetoes eurosceptic minister
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The Milan stock market rose sharply early Monday after President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister, enraging the anti-establishment Five Star Movement and far-right League and prompting their prime minister-elect to step aside.
The president looks set to appoint a pro-austerity economist formerly with the International Monetary Fund to lead a technocrat government ahead of new elections.
