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EU, fears about Italy's debt, vulnerable to interest rate conditions

2022-11-22T16:19:19.792Z


"In Italy the fears linked to the high public debt/GDP ratio remain unchanged". This was reported by the EU Commission in the Alert mechanism report. (HANDLE)


(ANSA) - BRUSSELS, NOVEMBER 22 - "In Italy the fears related to the high public debt/GDP ratio remain unchanged".

The EU Commission reports it in the Alert mechanism report.


   Debt "remains high" and although it fell to 150.3% of GDP in 2021 "it should remain well above its 2019 level".

The deficit, reduced to 7.2% in 2022, "is expected to continue to narrow. But yield differentials have deviated "significantly" from the eurozone average by increasing funding costs: "Fiscal sustainability risks are high in the medium term ", reports the Commission.


    The report also highlights that Italy and eight other Member States could face "


    With nine other countries Italy is among the countries that are under monitoring by the EU Commission again for excessive macroeconomic imbalances: the EU writes that for the Peninsula "they continue to arouse concern".


    Meanwhile, EU Commission vice-president Valdis Dombrovskis explained that Brussels expects "to receive the complete plan from the new government shortly and we will provide our opinion in the coming weeks".

(HANDLE).


Source: ansa

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