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Fitch downgrades Italy and Spain ratings; Milan police raid agencies offices

Saturday, January 28th 2012 - 10:11 UTC
Full article 3 comments

The credit ratings of Italy, Spain and three other Euro-area countries were cut by Fitch Ratings, which said the five nations lack financing flexibility in the face of the regional debt crisis. Read full article


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  • briton

    oh dear
    coruption at the top,
    cuts at the bottom
    you are all doomed,
    you will have to start from scratch .

    Jan 28th, 2012 - 11:58 am - Link - Report abuse 0
  • ChrisR

    Having spent three years in and around Naples (S. Italy) in one month on and one month off, it is a real pity that the police did not raid the Mafioso. But then that would have stopped the envelopes stuffed with notes being handed out in the police stations.

    You can see why Argentina is so corrupt when they have the likes of the Timmerman family (Wop Jews) as examples.

    The Prosecutor is only looking to the next elections, you don't need a rating agency to know that Italy is a basket case.

    Such a shame for the lovely people of S. Italy to have these no-hopers running the show (that sounds just like Argentina doesn't it?

    Jan 28th, 2012 - 04:23 pm - Link - Report abuse 0
  • briton

    it sure does .

    Jan 28th, 2012 - 08:16 pm - Link - Report abuse 0

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