Thinking beyond public debt

18th May 2023

Our readers largely know that Italy’s public debt burden is very high, both in absolute terms and in its debt-to-GDP ratio. But this ignores a significant amount of the debt landscape: when private nonfinancial debt is included, Italy doesn’t seem nearly as burdened. To set the stage, we should first take a look at how public debt has evolved over time in the EU.

Marcello Minenna

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A lesson for Italy from Germany’s debt management

February 13 2023

The Italian Parliament is still debating whether to ratify reform of the European Stability Mechanism (ESM). These deliberations highlight questions about the institution’s actual usefulness, particularly when public-debt crises hit large countries…

Marcello Minenna

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