Italy ‘Needs to Exert Itself,’ German CSU’s Hasselfeldt Says

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.

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.