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Italy's Monti Downplays S&P Downgrade of 34 Italian Banks

Italy's Monti Downplays S&P Downgrade of 34 Italian Banks

Paolo Federici, country head of Fidelity Worldwide Investment, told CNBC , "it is not an easy time for banks nor for clients for that, but it is possibly not as bad as it looks, definitely as Mr Monti said this is clearly the result of a trend that was the result of the downgrade of the debt

CNBC | February 13, 2012Watch more videos from CNBC

Tags:. .federici. .fidelity. .downplays. .monti. .downgrade

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