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UniCredit update on Italian election timing

ITALY

"The fifth round of voting to elect the president of the republic will start at 11:00 CET and, as in the fourth ballot, an absolute majority (of at least 505 votes) will be needed to elect the new president. While there is a strong pressure for a positive outcome to be achieved today, the political situation still looks fluid and we appear to be far from seeing a formal announcement of a possible successful candidate."

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