The ECB should strengthen its BTP purchase plan to support Italy and prevent a "catastrophic" collapse of the euro. This is the opinion of David Riley, Fitch's head of sovereign ratings.
“It is hard to believe that the euro will survive if Italy does not – added Riley, specifying that while many see Italy as politically and economically too important to be left bankrupt – it could also be argued that it is too big to save. Can the euro be saved, without a more active commitment from the ECB? Frankly, we think not."
Just yesterday the agency had defined "significant" the possibility of a downgrade for our country.
