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Italy’s debt could be a worry for the Eurozone
Bloomberg reports that Italy has a €123.2 billion debt mountain from COVID-backed state support which, as of June 30, is outstanding. The debt has been rising too as it has increased from the previous quarter of €118 billion. Despite not being the largest country it has the largest government-guaranteed debt yet to be repaid in the Eurozone. Check out below the growing level of Italian debt from the state-backed loans. The problem that is building is that the energy crisis is lingering on, inflation remains high, and Italy is expected to contract 0.2% in 2023, according to the IMF. This means that the debt burden ... (full story)
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- Nov 30, 2022 3:58am Nov 30, 2022 3:58am
- eleste
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