Italy Sets New Debt Record at €2.86T in July

In July, Italy’s public debt reached €2.86 trillion (US$3.06 trillion), a €10.4 billion (US$11.13 billion) jump from June, the Bank of Italy reports. The Treasury’s cash rose by €26.6 billion (US$28.46 billion), offsetting a €16.7 billion (US$17.87 billion) public fund surplus. Central offices increased their debt by €11.3 billion (US$12.09 billion). Local offices reduced debt […]

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