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Italy’s foreign debt close to three trillion euro — Banca d’Italia

Rome for years cannot manage to reduce its debt to GDP ratio, which is slightly lower than 140%

ROME, July 15. /TASS/. The Italian foreign debt increased by 13.3 bln euro in May against the prior month and is approaching the level of three trillion euro, the central bank of Italy (Banca d'Italia) said.

Italy has one of the highest public debt level in Europe, making its economy vulnerable to market speculations. The interest on its debt servicing is determined by a variable (a spread) that also indicates the difference in value between Italian and German securities. It is about 130 points for the time being, viewed as a rather acceptable indicator.

Furthermore, Rome for years cannot manage to reduce its debt to GDP ratio, which is slightly lower than 140%. Economic growth, according to different forecasts, is not above 1%.

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Gazprombank’s UnionPay cards no longer serviced in several countries

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Russian strategic missile forces to be equipped with advanced weapon by 95%

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Lukashenko tells Putin situation is "starting to get tense with Wagner"

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Zelensky’s actions make Ukraine vulnerable to coup, says politician

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Russian forces eliminate Ukrainian MiG-29 on ground

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Death toll from Israeli strike on Beirut climbs to 11, with 33 people injured

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