Moody's cuts Italy's credit rating and EC warns over 2019 budget plans

Saturday, October 20th 2018 - 08:37 UTC

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Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels. Read full article

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chronic
Merc/Mac better concentrate their attention on the south and try to save their precious confederation from implosion.

Brits unbeknownst to them made a very fortuitous move.
Oct 20th, 2018 - 11:48 pm - Link - Report abuse 0
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