It’s Friday the 13 th and already not looking good… especially for Italy
Moody’s overnight downgrade to 2 points above junk-bond status comes just ahead of today’s Eur 5.25 bln auction of medium and long-term bonds
“Italy’s near-term economic outlook has deteriorated, as manifest in both weaker growth and higher unemployment, which creates risk of failure to meet fiscal consolidation targets…. Moody’s
More… UK’s Telegraph
