In a note relating to the figures contained in the latest Economic and Financial Document, which saw the forecasts on deficit-GDP and debt-GDP revised upwards, Ubs promotes the work of the Monti government – “Italy is fundamentally solvent and has a credible recovery plan”.
Ubs promotes Italy, despite the fact that the Italian government revised it slightly in the latest Economic and Financial Document up the forecasts on the deficit-GDP ratio and on the debt-GDP ratio for 2012 and 2013.
In fact, Matteo Cominetta, an economist at UBS, states in a note relating to the figures contained in the Def, that the latter "do not alter our assessment according to which Italy is basically solvent and has a credible recovery plan".
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