Lunedì, 24 Settembre 2018

Officials irked by Moody's downgrade


(ANSA) - Rome, July 13 - Italian officials were irked by
Moody's double downgrade of Italian debt Friday.
"I think our manufacturing country is much stronger than
what appears in Moody's assessments,", said Giorgio Squinzi,
head of the industrial employers' association Confindustria.
Fabrizio Cicchitto, Senate whip for ex-premier Silvio
Berlusconi's People of Freedom (PdL) party, said, "the problem
lies in Europe rather than Italy".
PdL colleague Rocco Girlanda called Moody's "latest attack
on Italy the umpteenth interference of a political nature by a
private agency against a sovereign state which is making major
efforts to raise the euro and tackle its huge public debt".
Girlanda called for a commission of inquiry into what he
termed a campaign by Moody's.
Francesco Boccia of the centre-left Democratic Party called
on Italian regulators to intervene against what he called an
unfair downgrade, just after Italy's debt-cutting moves had been
given pass marks by the European Union, the European Central
Bank and the International Monetary Fund.
Italian politicians have reacted similarly to past
downgrades by Moody's and Italian prosecutors are investigating
the ratings agency.

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