BELLA ITALIA: 1 PROBABILITA' SU 3 DI DOWNRATING : S&P SI PRONUNCIA
Italy Back In Spotlight After S&P Says One In Three Chance It Will Cut Ratings In Next 24 Months
Submitted by Tyler Durden on 07/01/2011 07:47 -0400
Gross Domestic Product Italy Personal Income ratings Sigma X
From S&P, which explains why Italian banks have dominated Sigma X trading in the last few days:
Despite Announced Austerity Measures, Italy Still Faces Substantial Risks To Debt Reduction
The Italian government has introduced additional fiscal measures for 2011-2014.
Italy's weak growth outlook remains the key downside risk to the government's debt reduction plan.
LONDON (Standard & Poor's) July 1, 2011--Yesterday, the Italian government introduced additional fiscal austerity measures that aim to reduce the general government deficit by €47 billion (3% of 2011 GDP) by 2014. Despite these measures, however, we believe substantial downside risks to the government's debt-reduction plan remain, primarily due to Italy's weak growth prospects.
In light of Italy's weak growth (per capita GDP growth averaged minus 0.9% between 2005 and 2011) it is our opinion that far more substantial microeconomic and macroeconomic reforms will be required to incentivize private investment and match wage levels with productivity. Without such measures, we believe Italy's economic potential will not be realized. This will imply insufficient wealth creation to deliver meaningful declines in the general government's debt-to-GDP ratio, which was a high 119% at end-2010.
As a consequence, we continue to hold the view that there is an approximately one-in-three likelihood that the ratings on Italy could be lowered within the next 24 months, as reflected in our negative outlook.
I MERCATI AZIONARI SONO UNA COSA (e ora stanno rimbalzando) I RISPARMI SONO UN'ALTRA... DETENERLI TUTTI IN ITALIA NON E' DA BUON PADRE DI FAMIGLIA.
O questi sono tutti mentitori (e potrebbe esserlo o se CALCOLI VERAMENTE IL RISCHIO...non tieni tutto sotto lo stesso tetto italiano)
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2 commenti:
Dott.Barrai,volevo un suo parere sui mercati.Lei ritiene,che sia un semplice rimbalzo,ho una inversione di tendenza?Grazie per la risposta.Spero che ci dia qualche indicazione in merito,ultimamente dal blog arrivano solo articoli sulla paura del fallimento imminente dell'italia,ho la vendita delle case in brasile.
il motivo per cui parliamo di questo è che è meghlio focalizzarsi sulla DELOCALIZZAIONE dei risparmi! solo per questo.
Stia tranquillo che parleremo ancora di mercati.
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