Servicing Italy's massive
public debt, which currently stands at over two trillion euros,
ate up almost 40% of public spending in the 2008-2014 period,
according to a Senate report released Wednesday. The report said
interest and payments on maturing bonds went from 276 billion
euros in 2008 to 328 billion this year, an average of 308
billion a year. The report, based on data provided by the
economy ministry, said debt servicing accounted for 19% of GDP.
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