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Italy's action on debt 'insufficient' says EC

Debt is over two trillion euros

05 March, 14:05
Italy's action on debt 'insufficient' says EC (ANSA) - Brussels, March 5 - The European Commission (EC) said Wednesday that while "Italy has made progress towards reaching its medium-term goals" for its finances, "the structural (budget) adjustment for 2014 appears insufficient...

given the need to reduce the (national) debt at an adequate pace". Italy's public debt is over two trillion euros, over 132% of GDP.

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