Italy has no fiscal space for debt&. Included in high-risk countries along with Greece, Japan

Cyprus, Greece, Italy and Japan have no so-called fiscal space to accommodate their public debt, the International Monetary Fund said in a report Tuesday. Fiscal space is defined as the difference between the debt limit and the current debt-to-GDP ratio. A Moody’s Analytics table based on May 2014 estimates shows Italy among “high-risk countries” because of a lack of fiscal […]

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