Global Analysis from the European Perspective. Preparing for the world of tomorrow

Conte Signals End to Italy’s Rampant Spending on Debt Risks

Prime Minister Giuseppe Conte warned that Italy is reaching the limits on how much debt the government can take on, even as the European Union opens the door to further borrowing.

While Italy is pushing ahead with a 38 billion-euro ($47 billion) budget for next year, the growing deficit is becoming unsustainable, Conte said during his year-end press conference in Rome on Wednesday. The Senate gave the final approval to the spending package while he was speaking. Source Bloomberg

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