Italy's Mountain of Debt
Europe
It looks as though Italy is about to be governed by a eurosceptic coalition of the populist parties, M5S and League and some fear that if the new government actually pushes ahead with its promised policies, the country could be heading toward a Greek-style banking and debt crisis. Italy’s ‘mountain of debt’, as recorded by the IMF, is currently €2.3tn, or as our infographic shows, 132 percent of GDP - the highest rate in Europe apart from Greece. Another big test for the EU seems to be looming.
Description
This chart shows Italy's national debt as a share of GDP and the growth rate of real GDP from 2008 to 2018.
