Italy's Austerity Budget

Giulio Tremonti
In the first three months of the year, Italy’s economy—the third-largest economy in Europe—expanded 0.1%, while the euro-zone as a whole grew 0.8%. That’s the real issue, not Italy’s public debt, which is projected to peak at 120 per cent of GDP this year. In fact, many analysts say Italy should be more worried about its long-term prosperity than its solvency. Hence the