Bloomberg News

Mussari Says Solidity of Italian Public Debt ‘Not in Question’

October 05, 2011

Oct. 5 (Bloomberg) -- Giuseppe Mussari, head of Italy’s banking association, said the solidity of the nation’s public debt is “not in question” following the downgrade by Moody’s Investors Service.

Mussari, speaking to reporters in Rome today, said Italy needs economic-growth measures. “Borrowing costs are a result of weak growth,” he said, adding that he was waiting to see about possible downgrades of Italian banks by Moody’s.

To contact the reporter on this story: Flavia Rotondi in Rome at rotondi@bloomberg.net

To contact the editor responsible for this story: Jeffrey Donovan at jdonovan26@bloomberg.net


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