Every man for himself: "All Eurozone triple A's are at risk“. Not even the last four countries in the area that enjoy the highest rating on sovereign debt can rest easy: Luxembourg, the Netherlands, Finland and Germany. The warning comes from Ed Parker, managing director of the Fitch rating agency.
In short, even the last four survivors of the supreme rating are exposed to the risk of contagion. According to Parker, the tensions in the markets and the risk that a possible exit of Greece from the euro could trigger a disorderly exit of other countries, putting at risk of downgrade even the countries now considered more reliable.
As for Italy, Parker believes it is unlikely to need a bailout, because the country is in a better situation than Spain: “Italy has a very low budget deficit – recalled the director of Fitch in an interview with Bloomberg -, as well as a current and non-current account deficit he has banking problems”.
