Italian Finance Minister Expects Strengthening of Country’s Banking Sector

Forex News

The Italian Finance Minister is confident that the measures taken by his government to strengthen the country's banking sector will ensure dividends based on a reduction in the debt forecast and a number of government reforms. Pier Carlo Padoan said that debt obligations will decline in the near future due to higher nominal growth.

Earlier, the international rating agency Standard & Poor's (S&P) upgraded Italy's sovereign rating to the level of "BBB/A-2" with a stable outlook.