The agency said the country's net general government debt is the highest among A-rated sovereigns, and now expects it to peak later and at a higher level than it previously anticipated.
“In our view, Italy’s economic growth prospects are weakening and we expect that Italy’s fragile governing coalition and policy differences within parliament will continue to limit the government’s ability to respond decisively to domestic and external macroeconomic challenges,” S&P said in a statement.
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Filed under: * Culture-Watch Globalization * Economics, Politics Economy Euro European Central Bank The Banking System/Sector * International News & Commentary Europe --European Sovereign Debt Crisis of 2010 France Germany Greece Italy
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