Friday July 10, 2020

EU Commission defends Italy and questions Moody's

The European Commission hailed Italy’s deficit-cutting and economic-overhaul efforts and questioned the timing of the downgrade of the country’s credit rating by Moody’s Investors Service.

13th July, 2012
2
The EU Commission headquarters in Brussels.

The European Commission hailed Italy’s deficit-cutting and economic-overhaul efforts and questioned the timing of the downgrade of the country’s credit rating by Moody’s Investors Service.

* **A report with full details of Italy's downgrading is here.**

“Italy’s policy action to ensure sound public finances and address longstanding structural weaknesses has been both determined and wide ranging,” Bloomberg reported commission spokesman Simon O’Connor as saying today in Brussels....

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