The Market Now

Daily Archives: December 21, 2012

Italian regional officials protest spending cuts. If BlackRock is right, Italy must cut much more.

Photographer: Alessia Pierdomenico/Bloomberg

Italian regional officials protest spending cuts. If BlackRock is right, Italy must cut much more.

Question in Credit Ratings Debate: Is Italy Even Sicker Than Spain?

Just how badly is Italy teetering? By the standards of the credit rating agencies, Standard & Poor's and Moody's Investor Service, things aren't so dire. If you trust the world's biggest money manager, it's a lot worse.

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