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| Italy’s enormous debt pile continues to grow | Italy’s enormous debt pile continues to grow |
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| Italy’s sovereign debt has reached a new all-time high of more than €2.65 trillion, according to the Bank of Italy, which reported a massive month-over-month increase of €6.9 billion in March alone. | |
| The upsurge reportedly came as the debt of the central government increased by €7.7 billion. At the same time, the debt of the local government decreased by €0.8 billion, while that of the social security institution reportedly remained almost unchanged. | The upsurge reportedly came as the debt of the central government increased by €7.7 billion. At the same time, the debt of the local government decreased by €0.8 billion, while that of the social security institution reportedly remained almost unchanged. |
| The regulator also said that the borrowing requirement amounted to €25.3 billion, more than offsetting the reduction in the Treasury’s liquidity. | The regulator also said that the borrowing requirement amounted to €25.3 billion, more than offsetting the reduction in the Treasury’s liquidity. |
| As of the end of March, the share of debt held by the Bank of Italy stood at 22.2%, up 0.4% from the previous month, with the average residual life of the debt increasing slightly to 7.4 years. | As of the end of March, the share of debt held by the Bank of Italy stood at 22.2%, up 0.4% from the previous month, with the average residual life of the debt increasing slightly to 7.4 years. |
| Italy’s debt is currently around 160% of economic output. | Italy’s debt is currently around 160% of economic output. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |