Italy must do more to convince financial markets of its creditworthiness after a rating downgrade by Standard and Poor’s, said Gerda Hasselfeldt, the floor leader for Germany’s CSU party, one of three groups in the ruling coalition.
“It’s a sign that Italy needs to exert itself more to win the confidence of markets,” Hasselfeldt told reporters in Berlin today. “It is an incentive for Italy to do more.”
The CSU is the Bavarian sister party to Chancellor Angela Merkel’s Christian Democratic Union.
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