Standard and Poor's rating cut out of seven Italian banks "it does not lead to serious consequences", because the institutes enjoyed a "fairly high" rating. This is the opinion of Giuseppe Mussari, president of ABI, who commented on the latest decision of the American rating agency to the microphones of Gr1.
“For all the other banks – added Mussari – it is the outlook that changes from neutral or positive to neutral or negative. Then it will clearly be necessary to read the report carefully, however it was possible. I believe that we have begun a journey as social partners, in particular together with Confindustria, the Alliance of Cooperatives and the Italian Business Network which has begun to identify a series of indispensable points.
In Italy we have to speed up everything concerning infrastructures because they are investments that bring growth, we can no longer waver on liberalisations”. For Mussari, moreover, it is necessary to work to ensure that public assets “are made more fruitful and useful for debt reduction. Lastly, we have to think about pensions and entering and leaving work, we have to give the markets a signal that we have understood the gravity of the contingency and are able to face it".
