Euro zone bailout fund head: no reason to expect Italy to lose market access

Euro zone bailout fund head: no reason to expect Italy to lose market access

© Reuters. FILE PHOTO - European Stability Mechanism Managing Director Klaus Regling attends a news conference at the Ministry of Finance in Nicosia© Reuters. FILE PHOTO – European Stability Mechanism Managing Director Klaus Regling attends a news conference at the Ministry of Finance in Nicosia

NUSA DUA, Indonesia (Reuters) – There is no immediate danger of Italy losing market access or being downgraded below investment grade because the Italian economy has underlying strengths, the head of the euro zone bailout fund ESM Klaus Regling said on Thursday.

In a panel discussion at an event at the International Monetary Fund meetings in Bali, Indonesia, Regling was responding to a question on what would happen if Italy lost market access like Greece did in 2010, triggering the sovereign debt crisis in Europe.

“There is no immediate danger for Italy to lose access to the markets, there is no immediate danger of it being downgraded below investment grade, they are still two notches above,” Regling said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source : Reuters Link

Related Post