Goldman Sachs is turning sour on Italy as the populists take control
|05/18/2018||Posted by BusinessMediaguide.Com under General World News||
- Goldman Sachs removes Italy’s state-owned energy company, Enel, from list of favourite stocks.
- The move comes ahead of the agreement of a new government led by the populist Five Star Movement and the Lega Nord.
- Both parties are committed to using more renewable sources of energy, which poses a threat to Enel’s profitability.
- It could also be a sign of Goldman souring on Italy more generally.
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 read more >>>