ROME: Italy’s debt load is now €2.1659 trillion, the Bank of Italy said. The country’s public debt increased by €31 billion in January, bringing the total close to the record-high of €2.1677 billion euro recorded in July 2014.
The main reason debt spiked in January is because the Treasury increased its available liquidity, or money supply, by €36.3 billion euro, bringing the total to €82.6 billions, Italy’s ANSA news agency reported Friday.
Gross domestic product to debt in Italy is near 132 percent, compared to 127.9 percent in 2013, or 102 percent two years ago. Italy, the third largest economy in Europe, has had its economic woes overshadowed by the looming crisis in Greece.
