Mercoledì, 24 Ottobre 2018

Italy's borrowing requirements drop in first 9 months


(ANSA) - Rome, October 1 - The Italian government's
borrowing needs fell dramatically in the first nine months of
this year compared with the same period last year, the economy
ministry said in a report on public finances Monday.
Borrowing demands by the Treasury totalled 45.5 billion
euros as of the end of September - 13.5 billion euros less than
the 59 billion euros required during the same period in 2011.
On a monthly measure, borrowing last month totalled 11.4
billion euros, down slightly from 11.9 billion euros in
September 2011.
Italy's labor unions have been loudly protesting deep
government spending cuts and austerity measures made at the same
time the country is caught in a recession.
Unemployment in Italy remains high at 10.7% in August, the
country's statistics agency Istat reported Monday.

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