The Bank of Italy reported that the nation’s debt rose in 2010. The amount was relatively small, but it is an indication that austerity measure have not been able to offset falling GDP. This year, with austerity measures in place for the full twelve months and GDP falling, will be a better test of austerity vs stimulus
The Public Finances Supplement to the Statistical Bulletin No. 10 of 15 February 2012 contains estimates of general
government debt and borrowing requirement for 2011.
At 31 December 2011 the general government debt was €1,897.9 billion. At the end of 2010 it had amounted to
€1,842.9 billion (118.4 per cent of GDP).
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
