ICYMI – Italy's Economy Minister Giorgetti questioned how realistic the ECB 2% target is

<p>Italy's Economy Minister Giorgetti spoke on Wednesday, dismissing some media report that Italy was at risk of a sovereign debt downgrade:</p><ul><li>"Is Italy at risk of a sovereign rating downgrade? 'These are headlines, you as journalists rightly believe them, I have a legitimate doubt", </li></ul><p>He went on to cite:</p><ul><li>a strong economy, the second-largest manufacturing economy in Europe
</li></ul><p>And acknowledging:</p><ul><li> "But it has a large public debt and must be careful not to make blunders." </li></ul><p>-</p><p>He also said, and its hard to link this in with those above comments but I think it was at different venue:</p><ul><li>I don't know how realistic the 2% inflation target set by the European Central Bank is</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.