Italy Argues their Country’s Debt is Sustainable

Italy’s finance minister has hit back at criticisms from his Greek counterpart, arguing that the country’s debt is sustainable and structural reforms are steaming ahead.

On Sunday, Yanis Varoufakis, the finance minister in Greece’s increasingly controversial government, singled out Italy as needing a few lessons on national debt levels. The Italian government should be aware that the country could be the next possible victim of debt in the euro zone, Varoufakis added, saying its debt was “unsustainable.”

The comments attracted the ire of Italian Finance Minister Pier Carlo Padoan, who said in a tweet Sunday that Italy’s debt was “solid and sustainable” and that Varoufakis’ comments were “out of place.”

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.