Bloomberg News

Italy Fin. Analyst Group Says Country Needs IMF, EU ‘Program’

November 09, 2011

Nov. 9 (Bloomberg) -- Aiaf, Italy’s association of financial analysts, said the country needs a precautionary “program” from the European Union and the International Monetary Fund because it may not be able to raise funding on the markets.

The country needs to cut debt by 200 billion euros by levying taxes on private wealth, Aiaf said in an e-mailed statement today.

To contact the editor responsible for this story: Elisa Martinuzzi at emartinuzzi@bloomberg.net


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