Goldman Sachs is turning sour on Italy as the populists take control

Italy. Joe Raedle / Getty Images

Goldman Sachs has removed one of Italy’s most prominent companies from a list of recommended stocks, as a direct consequence of the incoming populist government.

Italy has been without a government for more than two months since an inconclusive election in March but is the Five Star Movement and the Lega Nord have now agreed on the principal terms of a ruling coalition.

The coalition has Goldman

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