BMDPY - Italy's Leaning Tower Of Debt
Europe: The Week Ahead (Feb 25-Mar 1)
Italy’s massive amount of sovereign debt has helped keep the country’s credit rating on the cusp of junk status, while political uncertainties and a fragile financial sector have served as strong headwinds.
The nation’s domestic policy challenges, its strife with the fiscal rules of the European Union, as well as other structural concerns, have generally eaten into its economic landscape, hampering its future growth prospects.
Fitch Ratings analysts Douglas Winslow and Michele Napolitano recently noted that Italy’s GDP growth has “stalled as domestic policy uncertainty and weaker external