Shrinking Italy-Germany Gap Masks Berlusconi Risks

Shrinking Italy-Germany Gap Masks Berlusconi Risks

Alessia Pierdomenico/Bloomberg

Customers stand beneath an Italian national flag as it flies above the entrance to a fast food restaurant in Rome. Standard & Poor’s cut Italy’s credit rating to BBB on July 9, its second-lowest investment grade, citing weaker growth and budget targets that are “potentially at risk.”