Italy’s Debt Rises In 2011
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…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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).
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.