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, Economist

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