(ANSA) - MILAN, MARCH 06 - The rate hike "creates serious problems for those with heavily indebted balance sheets like the Italian one".
This was stated by Economy Minister Giancarlo Giorgetti, underlining that the government's "approach" to public finances "has been prudent and responsible and we will continue in this direction".
"Having tidy accounts is an absolute requirement for our country, which must maintain the confidence of the markets" in order to avoid an increase in "financing costs" and "avoid repercussions" for households and businesses.
"The debt-to-GDP ratio stands at 144.7% in 2022, it will be the point of reference in relation to the discussed and under discussion review of European economic governance".
"In these first few months, the government's action has focused on minimizing the risk of recession. From the latest data, it seems to have been averted, we cross our fingers", said the minister again, who assured: "We continue to be committed as a government to creating all the conditions for robust economic development that does not jeopardize the sustainability of public finances".
(HANDLE).