ITALY DEBT CRISIS: Borrowing soars to €2.2TRILLION sparking Eurozone fears

ArticleDebt crisis March 15, 2018 - 7:52:17 AM

The fourth largest economy in the eurozone has amassed a pile of debt that has grown from €2,137 billion at the end of 2014 to €2,256.1bn in 2017.

The EU Commission, in the latest report yet on the sustainability of public debts in the Eurozone, warned that the country remains exposed to "unfavourable risks" by maintaining such a large sum of public debt compared to its GDP.

For Brussels, no EU country currently risks budgetary stress in the short term, but for Italy, Spain, France, Portugal and Belgium, the EU Commission sees "high risks for medium-term sustainability" on both indicators used to assess risk...

Source:express.co.ukglobaltimes.cn

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