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Italy is cutting debt, future will depend on ECB

Altre News JIACC

Italy will have a lot of work to do to get its debt-load on a downward trajectory once the European Central Bank (ECB) ratchets back its quantitative easing

Source: Bloomberg – Helped by the economy’s best performance in seven years, 2017 saw long-sought convergence in the paces of debt increases, gross domestic product growth and bond yields, which means Italy is actually gaining ground and not just slipping back as it seeks to reduce the ratio of debt to output. Still, the European Commission on Wednesday urged Italy to increase efforts to cut the debt in the coming months

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