Italy Gets Cut

mar bonnin palmer

A new day is upon us but the same stories reverberate through the markets. The eurozone has taken another hit with Italy having its debt rating cut by Standard & Poor’s. This is the latest move in a series of events that will worry investors. Italy had its rating cut one level from A+ to A adding to the ‘negative’ outlook for the country. S&P believes, similar to Greece, that Italy will struggle to cut state spending and bring its finances back under control, especially with such poor growth prospects. We as brokers feel that this is yet another step towards a fragmented euro.

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Italy Gets Cut

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