La trust collected by the Letta government it is "the best possible result", but last week's political turmoil "highlights the fragility of the Italian executive" and "could delay structural reforms", compromising "the country's economic recovery". This is what we read in a note from Moody's.
According to the American rating agency, Italy will not achieve the objective "of bringing the deficit back within the limit of 3% of GDP by 2013".
Italy's assessment by Moody's is Baa2 with a negative outlook.
