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Italy's public debt hits record of 1,966 billion

Up almost 17 billion on previous high

16 July, 10:54
Italy's public debt hits record of 1,966 billion (ANSA) - Rome, July 16 - Italy's public debt hit a new record high of 1,966.303 billion euros in May, the Bank of Italy said on Monday.

The previous record was set in April, when the national debt stood at 1,949.242 billion euros.

The huge debt is rising despite the government's attempts to put Italy public finances in order in part because the eurozone crisis has pushed up the costs of servicing it.

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