Markets  |  March 11, 2013 16:45:00

VIDEO: Weekly summary of events in Europe

Rating agency Fitch on Friday after the end of trading session downgraded Italy's obligation under the political stalemate resulting from the recent parliamentary elections. On Friday, the Italian election winners meet to once again try to agree on a coalition, which would have a voting majority in the Senate. 5 stars movement yet but any coalition rejects Berlusconi's political future after a series of lawsuits uncertain.

On Tuesday and Wednesday, the auction will be held on 5 and 10-year Italian bonds, of which probably learn how investors perceive the deadlock in the third euro-area economy. Critical threshold for 10-year bonds is 5 percent.

On Thursday and Friday will be held on EU economic summit, where in addition to Italy will be discussed as well as the unemployment rate in the eurozone. It reaches, especially among young people, alarming high.

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