'Italy debt not rising' says economy minister

'Quantitative easing the way to go in Europe' says Padoan

(ANSA) - Rome, December 5 - Economy Minister Pier Carlo Padoan said Friday the nation's debt is at a standstill.
    "Italian debt is not rising and if it does, it's not Italy's fault," he said. With inflation at 1.8%, real growth of 1% and nominal growth of 3% "public debt would take a speedy downward path," the minister said. Padoan went on to say he supports European Central (ECB) Mario Draghi's efforts to restart eurozone growth via quantitative easing. "I think this is the direction to take in Europe," Padoan said.
   

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