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Italian Public Debt: Behind the Scenes

For many years Italy has been coping with a very high public debt. In the last three years the Italian debt to GDP ratio stabilised slightly over 130%, ranking as the third highest in absolute terms worldwide after the US and Japan. In Italy, high public debt is obviously among the greatest economic concerns. Nevertheless, it has been mitigated by ensuring the provision of funds for the financing of all Government’s functions at a contained cost and with limited risks, irrespective of market contexts.[…]