Italy Considers Suing Standard & Poor's
Italy Considers Suing Standard & Poor's
Does This Ratings Agency Make My Debt Look Fat?

Italy is claiming €234 billion in damages from Standard & Poor’s, reasoning that the ratings agency “never in its ratings pointed out Italy’s history, art or landscape which, as universally recognised, are the basis of its economic strength.” Anyone who had hoped that the largest of Europe’s PIGS-states would finally take responsibility for its shambolic economy had better not held their breath…

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