Italy debt high, credible adjustment needed says IMF

(ANSA) - ROME, APR 17 - Italy's public debt is high and a credible adjustment is needed, the International Monetary Fund said Wednesday.
    "Italy is an advanced economy with an elevated debt, it is a country where by tradition there is concern for the bond market and the spread," the IMF said.
    "Our recommendation is that a credible budget adjustment would be important to put the debt on a sustainable downward trajectory," said Victor Gaspar, director of the IMF's Fiscal Monitor. (ANSA).