Economics
‘High’ Risks Ahead for Italy’s Mountain of Debt, EU Says
- European Commission releases report on economic imbalances
- EU executive sees risk for debt refinancing if markets turn
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Italy is living on the edge, the European Commission warned on Wednesday.
Risks to its ability to refinance its mountain of debt in the medium to long term are “high,” the EU’s executive arm said in a report. Even in the short term, Italy is exposed to market swings, according to an assessment of macroeconomic imbalances across the bloc’s members.