Italian banks slide 20% from mid-April peak amid renewed budget tensions

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LONDON, May 23 (Reuters) - Italian banks index .FTIT8300 has slipped 20% from mid-April peak, confirming that thebattered sector is in bear market, amid renewed worries about ashowdown between Rome and Brussels over the euro-zone's No. 3economy's budget.

The sharp slide over the last few weeks has come even asregulatory data showed funds have reduced their bearish bets onthe battered sector in recent months. urn:newsml:reuters.com:*:nL5N22W5IC

This article appears in: Politics , World Markets , Stocks , Economy
Referenced Symbols: IBEX

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