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Italy's public debt hits new record
Economy

Italy's public debt hits new record

The amount of public debt racked up by the eurozone’s third largest economy reached a new record of €2.2 trillion in May, up by €23.4 billion in a month, the Bank of Italy said on Tuesday
Italy's public budget deficit widens
budget

Italy's public budget deficit widens

Italy's public deficit rose to 3.7 percent of gross domestic product (GDP) over the first nine months of last year, the official data agency said, raising the risk that it could breach the EU threshold.
Italy to have more leeway in public spending
European Commission

Italy to have more leeway in public spending

The European Commission said on Wednesday it was ready to accept an Italian request to modify the way public deficits are calculated, which would give Rome more leeway in spending while still respecting EU demands to keep the deficit below 3.0 percent of gross domestic product (GDP).