Italy Is Unlikely to Need Emergency Rescue, Fitch Says

Italy is unlikely to need a bailout as the euro area’s third-largest economy is in a better state than Spain, Fitch Ratings Managing Director Ed Parker said.

“Italy is much closer to getting to a sustainable macro-economic position,” Parker said in an interview in Oslo today. “It is now running a pretty small budget deficit, has a much lower current account deficit, doesn’t have these problems in the banking sector.”