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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Italy emerges from recession, Q1 growth. Policy-makers urge greater economic reforms

As new statistics Friday confirmed that Italy has pulled out of recession, politicians and policy makers cautiously cheered and said it was important to make the most of the new strengthen by advancing economic reforms. Italy is in “the very advanced stage of convalescence” as it recovers from recession, Economy Minister Pier Carlo Padoan said at G7 meetings in Germany. […]

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