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Forex Flash: Grillo interview offers incendiary remarks – Deutsche Bank

In terms of Italian elections, President Napolitano wants to bring forward the country's first post-election parliamentary meeting to March 12th from March 15th, the Italian newspaper Corriere della Sera. Meanwhile, Bersani hopes to persuade Italy's president that he could govern without a majority in the Senate. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “He has drawn up a seven or eight-point plan to present to Napolitano next Wednesday.” Bersani ruled out a deal with Silvio Berlusconi, saying a grand coalition with the center-right was not an option.

As regards to Beppe Grillo, the UK Telegraph quoted that he has said that "if conditions do not change" Italy "will want" to leave the euro and return to its former national currency" citing an interview with a German magazine published on Saturday.

Eurozone: Sentix Investor Confidence deteriorates considerably in March

Eurozone Sentix Investor Confidence tumbled to -10.6 in March from -3.9 in February, Sentix GmbH informed on Monday. Analysts projected much less decrease to -5.2.
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Forex: EUR/USD tumbles on EMU Sentix data

The market is reacting to the disappointing figure in the EMU Sentix Investor Confidence for March, as it fell more than predicted, from -3.9 to -10.6, while consensus was pointing to -5.2. Previously holding up above the 1.3000 mark and quoting close to 1.3020 during European time, a sudden sell-off took over and sent the EUR/USD down to 1.2982 low, for now.
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