Italy’s sovereign debt has reached a new all-time high of more than €2,650 trillion, according to the Bank of Italy, which reported a massive month-over-month increase of €6.9 billion in March alone. The upsurge reportedly came as the debt of the central government increased by €7.7 billion. At the same time, the debt of the local government decreased by €0.8 billion, while that of the social security institution reportedly remained almost unchanged. The regulator also said that the borrowing requirement amounted to €25.3 billion, more than offsetting the reduction in the Treasury’s liquidity. Also on rt.com
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