“The situation is difficult” and “we still don't feel like excluding that Italy will end up having need the bailout fund and the ECB, which would open up new uncertainties in terms of the ability to cope with the conditions that would be imposed and which must be respected exactly”. He said it Dietmar Hornung, analyst of Moody's and responsible for Italy's rating, in an interview with Repubblica. On Friday evening, the American agency confirmed its opinion on Italy at Baa2, maintaining the negative outlook.
According to Hornung, our country must continue on the path of reforms, particularly on the front of job market, "which today we see excessively regulated on the one hand and on the other still tied to national category agreements which could vice versa be decentralized".
“We never thought that Italy, like any country, could be left without a government – the analyst went on -. The problem is that it will have to check the mandate of the newly installed executive and therefore its ability to address the massive structural reforms that the country would need to improve its creditworthiness”.
