Markets continue to mount pressure on Italy, demanding a prudent budget; Rome’s political response is not coherent.
Markets mount pressure
On Friday Fitch ratings changed the outlook for Italian debt from “stable” to “negative”; the agency held its overall ‘BBB’ credit rating steady. Moody’s was expected to publish its own report on the Italian economy on September 7 but decided to postpone that until the end of October. Standard and Poors’ (S&P) will publish their own report on October 26...


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