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Italy’s enormous debt pile continues to grow Italy’s enormous debt pile continues to grow
(about 2 hours later)
Italy’s sovereign debt has reached a new all-time high of more than €2,650 trillion, according to the Bank of Italy, which reported a massive month-over-month increase of €6.9 billion in March alone. 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.
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