Related
Dossier : Italian elections 2013 
OECD downbeat on Italy 
Italian political moves boost shares 
Italy tries for stimulus, at a cost 
Italy survives another bond test Fitch cut Italy’s sovereign credit rating on Friday.
It was reduced from A-minus to BBB-plus with a negative outlook.
The rating agency said that was, in part, because of the political uncertainty following the country’s recent inconclusive elections.
Fitch does not believe a stable new government can be formed in the next few weeks and the economy already in deep recession is unlikely to get necessary structural reforms.
More about: Debt crisis, Italian debt, Italian economy, Italian elections 2013, ItalyCopyright © 2013 euronews
JavaScript is required in order to view this article’s accompanying video
Top Stories
Oklahoma rescue almost over
The rescue operation after Monday's gigantic tornado in Oklahoma City is almost over, according to…
Sinai: Egyptian hostages released – army spokesman
Seven Egyptian security officers kidnapped in Sinai last week have been released - according to an…
Tackling corporate tax avoidance set to top Brussels summit…
Concern at aggressive tax avoidance by some of the biggest global corporations looks set to sit…
latest economy news
EU bank customers to contribute to bail-ins ?- Ireland not to blame for Apple tax – Deputy P.M.
- Greek banks to be sold
- Slovenia’s shaky banks bring a downgrade from Fitch
- Italy freezes hated property tax, doesn’t say how will make…
- European car sales rise, but it is a ‘dead cat bounce’?
- Turkey gains investment grading from Moody’s
- Stimulus measures boost Japan’s growth
- Greece seeks Chinese investors
- Falling eurozone inflation raises deflation fears
