Martedì, 25 Settembre 2018

Italy's public debt hits record high of 126.1% of GDP


Brussels, October 24 - Italy's public debt reached
a record high of 126.1% in relation to the country's gross
domestic product (GDP), Eurostat said on Wednesday.
The European Union's statistics office said the figure was
up from 123.7% in the first quarter, which at the time was
Italy's highest debt-to-GDP ration since it reached 120.9% in
Italy's debt level was the second-highest in the EU in the
second quarter after default-threatened Greece, which had a
150.3% ratio of government debt to GDP.
At the end of the second quarter of 2012, the
government-debt-to-GDP ratio of 17-state eurozone stood at
90.0%, compared to 88.2% for the first quarter of 2012.
The ratio increased from 83.5% to 84.9% for the EU as a
Compared with the second quarter of 2011, the
government-debt-to-GDP ratio rose in both the eurozone (from
87.1% to 90.0%) and the whole EU (from 81.4% to 84.9%).

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