Eurostat, the Statistical Institute of the European Union, announced the figures for public member countries. Predictably the relationship between the debt of Italy and its gross domestic product has reached the quota of 127.3% which is up from 126% in the previous quarter. Above Italy there is only Greece with a ratio of 152.6% while closely following Portugal with 120.3% and Ireland with 117%.
Eurozone crisis
On the sustainability of the Italian debt is also expressed Consob, the Supervisory Authority in the financial markets in the dossier Risk Outlook. According to this report in the next 20 years it will be necessary to intervene on surplus primary to reduce the debt ratio to below 60% of GDP, with annual adjustments of between 0.6 and 2.6% of GDP.
Eurozone Debt
