Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3

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The shortfall is the result of the suspension of property tax on owner-occupied houses and the potential delay of a planned increase in the value-added tax.
...
On the other hand, we may revise the outlook to stable if the government implements structural reforms for the labor, product, and service markets thatwould likely shift the Italian economy to a higher level of growth, or if wesee that other measures--such as significant asset sales and privatizations--are taken to substantially reduce the public sector debt burden

http://media2.corriere.it/corriere/pdf/2013/RATING-1.pdf
 

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