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Something to worry about

20 October 2006 By Edward Hadas

Debt downgrades from S&P and Fitch reflect the facts the Prodi government is too weak to face fiscal reality. Investors and politicians prefer to keep their eyes closed. But without a big change in direction, a debt crisis looks inevitable. Debt downgrades from S&P and Fitch reflect reality the Prodi government is too weak to stave off fiscal decline.

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