Fitch gives a thumbs-up to Italy, saying the country's 4 year, €40B deficit-reduction plan is...

|By:, SA News Editor
Fitch gives a thumbs-up to Italy, saying the country's 4 year, €40B deficit-reduction plan is consistent with stabilizing its credit profile. "The sharp rise in Italian and other eurozone government bond yields ... reflect a crisis of market confidence in the European policy response ... rather than deteriorating sovereign credit fundamentals."