Cristina-Larisa Marița
Cristina-Larisa Marița
Student at the Bucharest University of Economic Studies, the Faculty of International Business and Economics
Italy’s Economic Saga

Italy’s Economic Saga

Italy is one of the biggest economies within the eurozone, yet its debt burden now stands as one of the largest globally, surpassing 140% of its gross domestic product (GDP) in 2022. Italian debt spans multiple decades, with the country grappling with high levels of public debt since the 1980s, when the country’s debt-to-GDP ratio stood at around 60%, steadily mounting after that. The problem has evolved into a chronic predicament, persistently afflicting the national economy. The country’s heavy debt burden has caused the government to face higher borrowing costs, compounding the difficulty of reducing the debt over time. This situation puts the Italian economy’s stability at risk, as the slightest adverse change in the global economy can disproportionally hamper the country’s ability to repay its debts. More



The Market For Ideas Association

The Romanian-American Foundation for the Promotion of Education and Culture (RAFPEC)

Amfiteatru Economic