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Why the Italian public debt is the riskiest in Europe – Lorenzo Bini Smaghi – Corriere della Sera

Despite the fact that Italy’s spread has significantly decreased in the last years and today is stable between 130 and 150 basis points, the country’s public debt remains a problem. The various governments in recent years have not been able to maintain a primary balance above 2% and interest payment on the debt (3.5% of GDP) is higher than the economy’s growth rate, placing the sustainability of the debt at risk.

Click here to read the article in Italian.