European Budget Commissioner
Guenther Oettinger said Thursday it would be "wrong" to raise
Italy's public debt from its present 133% to 140% of GDP.
"We'd like Italy too to respect the 3% ceiling in the
deficit-GDP ratio, and as for the debt I don't think it is a
good thing to hike it further," he told the Italian parliament's
budget committees.
"The debt in Italy is 133%. And for economists it is not
tolerable beyond a certain threshold. The Italian budget
strategy is by the government and not by parliament, but hiking
the debt to 140% is a wrong idea, I think".
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