Italy’s public debt hits historic high ...News

Government borrowing has exceeded $3 trillion, according to the central bank Italy’s public debt surged by nearly €5 billion ($5.6 billion) in the first five months of the year, hitting a new record in May, data published by the Bank of Italy this week revealed. Government debt reached €2.816 trillion ($3.1 trillion) in May after passing the €2.800-trillion mark in April, figures showed. It represents a €4.8 billion ($5.3 billion) increase compared to the previous month, the regulator said. “Another historic record! This is a big disaster for our country, given the constant rise in interest rates, leading to an in

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Last updated : 16 July 2023 clock 04:21 PM

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Italy’s public debt hits historic high ...News

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