This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-38203813

The article has changed 16 times. There is an RSS feed of changes available.

Version 0 Version 1
Euro slides after Italy exit polls Euro slides after Italy exit polls
(35 minutes later)
The euro fell against the dollar after exit polls indicated that Italian Prime Minister Matteo Renzi suffered a heavy defeat in Sunday's referendum.The euro fell against the dollar after exit polls indicated that Italian Prime Minister Matteo Renzi suffered a heavy defeat in Sunday's referendum.
The euro fell below $1.06 in late trading on Sunday, down 0.8% from Friday's close. In trading late on Sunday, the euro was down 1.2% from Friday's close, at $1.0547.
The single currency had already registered sharp losses in November, when it was trading close to $1.13. The single currency had already registered sharp losses since early November when it was trading at $1.12.
The referendum was formally over plans to streamline parliament, but for many was a chance to register discontent.The referendum was formally over plans to streamline parliament, but for many was a chance to register discontent.
Mr Renzi has said he will resign if he loses the vote.Mr Renzi has said he will resign if he loses the vote.
The Italian economy is already fragile and a period of political uncertainty would be likely to do further damage. The Italian economy is already in a fragile state and a period of political uncertainty would be likely to do further damage.
In particular, Italy's banking industry is seen as vulnerable to a loss of confidence.In particular, Italy's banking industry is seen as vulnerable to a loss of confidence.
Many banks are struggling with a burden of bad debt and are in need of refinancing.Many banks are struggling with a burden of bad debt and are in need of refinancing.
That finance would be harder to come by amid a political crisis.That finance would be harder to come by amid a political crisis.
The size of Italy's government debt is also a concern. Government borrowing, depending on which figures you look at, is one of the largest in the eurozone.The size of Italy's government debt is also a concern. Government borrowing, depending on which figures you look at, is one of the largest in the eurozone.