Domenica, 21 Ottobre 2018

Italian debt sets new record high


(ANSA) - Rome, July 23 - Italy's debt to GDP ratio hit a
new high in the first three months of this year, as government
debt in the 17-country eurozone rose to a whopping 88.2% of GDP,
Eurostat said on Monday.
That is a significant increase for total eurozone debt in
just one quarter, compared with the 87.3% debt level reported at
the end of 2011, according to data released by the statistical
agency of the European Union.
In the first quarter, Italy's debt rose to 123.3% of GDP,
second only to Greece, where levels reached 132.4%.
Italy's debt levels showed a sizable increase over the
120.1% reported at the end of 2011.
Such high debt levels, as a proportion of economic output,
are likely to spook investors and financial markets already
deeply worried about the European debt crisis.

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