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

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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.”