Italy’s level of debt is a cause of concern and the situation will not get easier next year when money will be no longer as easy to obtain from the European Central Bank, ECB policymaker Ewald Nowotny said. “Italy is in a much better position than Greece, but the level of debt is indeed worrying,” Nowotny said in an interview with Austrian daily Kurier published on Saturday. Italy’s public debt stood at more than 130 percent of GDP last year, the highest in the euro zone after Greece. But the Italian government is looking to boost spending to engineer faster economic growth, flouting European Union rules. Concerns ... (full story)