S&P downgrades Italy's credit on weak prospects
Lower credit ratings can make it more expensive for the government to borrow money because it can spook bond investors. Last week, the International Monetary Fund pressed Italy to do more about "unacceptably high" unemployment, especially among young people and women, and urged it to bring back an unpopular property tax whose return could threaten the survival of Premier Enrico Letta's coalition government. Reported by SeattlePI.com 18 hours ago.
Lower credit ratings can make it more expensive for the government to borrow money because it can spook bond investors. Last week, the International Monetary Fund pressed Italy to do more about "unacceptably high" unemployment, especially among young people and women, and urged it to bring back an unpopular property tax whose return could threaten the survival of Premier Enrico Letta's coalition government. Reported by SeattlePI.com 18 hours ago.