Tax & Spend
Italy Debt Is Challenge for Future Upgrades, Treasury Chief Says
Italy's treasury director-general Riccardo Barbieri Hermitte at the Bloomberg Future of Finance conference in Milan on Nov. 12.
Photographer: Francesca Volpi/BloombergItaly is being lauded by ratings companies but may find high debt restrains future upgrades, according to Treasury chief Riccardo Barbieri.
In an interview at Bloomberg’s Future of Finance event on Wednesday in Milan, the most senior official at the Finance Ministry suggested the euro zone’s third-biggest economy may struggle to keep up the pace of improvement in its credit score after a marked turnaround from years of deterioration.