Today, Standard&Poors has lowered the Rating for Italy from A+ to A-1 as it thinks,
Italy will also run into big debt problems. While Berlusconi has yet ratified another
54.2 billion Euro savings plan, Standard&poors doubts that Italy will consequently
follow the plan. A high unemployment rate, low invests from other countries…

are the base for the agency’s decision.

This again lowers the Euro against the US-Dollar which notes at 1.3672 the time this post is written.

The question is if the economy will fall into the prospected deeper recession as it was in 2008.

But wit this, the signs once more point to “yes”