Italy downgraded, IMF says Europe behind the curve

(Reuters) - Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone, and the International Monetary Fund said Europe's leaders were failing to act decisively enough to resolve the crisis.http://uk.reuters.com/article/2011/09/21/uk-eurozone-idUKTRE78I4JL20110921