Italians’ Public-Debt Load Up 2,617 Euros Each on Renzi Miss
- Former premier’s promise to reduce burden was thwarted
- Debt rose at faster pace than under Berlusconi in 2008-2011
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Under Matteo Renzi, Italy’s public debt load rose by 2,617 euros ($2,775) per person, despite his promise to cut the amount for the sake of future generations.
In his first speech as premier to parliament in February 2014, Renzi said the government needed to slash its mountain of bills to pay. Yet, as his chapter closed last month, he had overseen a percentage increase even greater than during the last government led by Silvio Berlusconi from 2008 to 2011.