EU country’s debt hits historic high ...News

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Italy is the second most-indebted member state in the Eurozone, after Greece Italy’s sovereign debt has continued to soar, jumping by €17.8 billion ($19.3 billion) in March in monthly terms to hit a record high of €2.79 trillion ($3 trillion), according to the country’s central bank. The previous all-time high was reached in February, when debt amounted to €2.78 trillion. The Bank of Italy said on Monday that the surge was driven by an increase in the public sector’s borrowing requirement of €31.3 billion ($34 billion), which was partially offset by a reduction in the Treasury’s liquid assets to €29.4 billion. “Ne

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