MilanFinantz agency Fitch has the rating prospects for Italy "negative" advance "stable" reduced. As a next step, the euro zone is threatened with a reduction in its creditworthiness. The valuation of Italy's long-term debt remains initially justified "BBB"said the US creditors Friday.
Fitch fears a lax fiscal policy from the populist 5-star movement, which is the right kind of government. This would make the already heavily indebted country even more sensitive to potential shocks.
Investors are concerned that planned tax cuts and higher social spending could drive Italian debt. Italy pushes ahead a debt mountain of about 130 percent of economic performance. Recently, reports caused uproar, the US President Donald Trump would have offered Italy Italy to help finance the state budget.
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