Will Italy’s Turmoil Push Europe Back to the Brink?

At 150% of GDP, Italy’s public-debt burden is the second-largest among the G20 countries, after Japan (262% of GDP) and ahead of the United States (125% of GDP). 

Italy’s debt burden is thus up by about 50% since 1990, when it amounted to about 100% of GDP.

Paola Subacchi Project Syndicate 26 July 2022 

https://www.project-syndicate.org/commentary/draghi-italy-resignation-could-fuel-eurozone-crisis-by-paola-subacchi-2022-07


Paola Subacchi, Professor of International Economics at the University of London’s Queen Mary Global Policy Institute, is the author of The Cost of Free Money  (Yale University Press, 2020) and the recent report, China and the Global Financial Architecture: Keeping Two Tracks on One Path.

 


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