We consider abelian CM extensions L/k of a totally real field k, and we essentially determine the Fitting ideal of the dualized Iwasawa module studied by the second author [Ku3] in the case that only places above p ramify. In doing so we recover and generalise results of loc. cit. Remarkably, our explicit description of the Fitting ideal, apart from the contribution of the usual Stickelberger elementΘ at infinity, only depends on the group structure of the Galois group Gal(L/k) and not on the specific extension L. From our computation it is then easy to deduce thatṪΘ is not in the Fitting ideal, as soon as the p-part of Gal(L/k) is not cyclic. We need a lot of technical preparations: resolutions of the trivial module Z over a group ring, discussion of the minors of certain big matrices that arise in this context, and auxiliary results about the behaviour of Fitting ideals in short exact sequences.