Giovedì, 18 Ottobre 2018
MILAN

Italy in very clear credit crunch, says S&P

English
© ANSA

Milan, June 6 - Standard and Poor's chief economist
for Europe, Jean-Michel Six, said Thursday that "Italy is in a
very clear situation of credit crunch".
He added that 2013 will be another year of recession for
Italy, with the ratings agency forecasting negative growth of
1.5% this year.
"In 2014 we'll see the start of a very weak recovery," Six
said at a conference in Milan.
"The basis for a real recovery can come, above all, from
true monetary, banking and fiscal coordination (in the
eurozone)".

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