The headline gave the euro a little lift above 1.1450.

No follow through after touching 1.1451 on the headlines and right back to 1.1440.

S&P headlines on Italy:

  • Sees Italy real GDP accelerating to 1%/year on average in 2016 and 2017
  • Expect GDP to grow 0.4% in 2015
  • S&P's rating is BBB-, Moody's is at Baa2 and Fitch at BBB+