The approval of the new electoral law is a step forward in the process of institutional and structural reforms that, in the medium term, lead to the strengthening of the profile of the Italian sovereign credit. It believes the rating agency Fitch debt, according to which the reform should reduce the risk of political uncertainty, although its effectiveness will depend “largely” by the proposal of constitutional reform now being discussed that the relationship between ridefinirebbe Room and Senate.
The aprovazione dell’Italicum is “credit positive” if accompanied by the reform of the Senate, even the experts write American rating agency Moody’s in an update that does not involve any action on the vote of ‘Italy. “We see the reform of the electoral law and the Senate as an important institutional change that could accelerate and extend the structural economic reforms – the report said – continuing on the path of those being in the labor market, the judicial system and banking” .
However, Moody’s cites among the mishaps the decision of the Constitutional Court concerning the revaluation of pensions that could lead to additional costs for several billion euro.
May 6, 2015 17:17 – Last Updated: 20:11
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