Meloni Looks to Fitch and Rivals to Mark Italy’s Fiscal Comeback
The article discusses the efforts of Italian Prime Minister Giorgia Meloni and her government to reduce Italy's massive public debt, one of the largest in the world. Meloni is looking to credit rating agencies, such as Fitch, to acknowledge the government's fiscal consolidation measures. The article notes that Italy's public debt-to-GDP ratio is around 150%, and the government is working to address this issue through budget cuts and other austerity measures. Meloni and her officials are hopeful that the credit rating agencies will take note of their efforts and potentially upgrade Italy's credit rating, which could lower the country's borrowing costs and boost investor confidence. The article suggests that Meloni's ability to address Italy's fiscal challenges will be a key test for her government and could have significant implications for the country's economic and political future.
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