Off the wire
• U.S., Cuba to continue talks on restoring diplomatic ties Monday  • French Ligue 1 standings  • Leading goal scorers of French Ligue 1  • Danish police bust largest doping ever  • French Ligue 1 results  • Turkish Super League results  • Roundup: Egypt's economy meeting opens, Gulf countries pledge 12 bln dollars in aid  • Turkish Super League fixtures  • U.S. Treasury expands measures to avoid hitting debt limit  • Austrian business, industry groups show mixed reactions to new gov't tax reforms  
You are here: 　 Home

Italy public debt rises: central bank

Xinhua, March 14, 2015 Adjust font size:

Italy's public debt increased by 31 billion euros (32.5 billion U.S. dollars) in January, raising it up to 2.1659 trillion euros, the country's central bank said on Friday.

The newly issued figure is close to the record of 2.1677 trillion published in July 2014.

The rise is due to a 36.3-billion-euro increase in the Treasury's available liquidity, according to the central bank.

Italy's massive public debt was about 132 percent of its gross domestic product (GDP), which goes far beyond the European Commission's (EC) mandated debt-to-GDP target of 60 percent, and makes it become the second only to Greece in the eurozone.

The EC has kept Italy in the category of countries requiring "special surveillance" of budget matters, Pierre Moscovici, European commissioner for economic affairs, said in February. (1 euro = 1.05 U.S. dollars) EndIt