Rome

Italy's borrowing requirements drop in first 9 months

Govt requests 13.5 billion euros less than same time in 2011

Italy's borrowing requirements drop in first 9 months

(ANSA) - Rome, October 1 - The Italian government's borrowing needs fell dramatically in the first nine months of this year compared with the same period last year, the economy ministry said in a report on public finances Monday. Borrowing demands by the Treasury totalled 45.5 billion euros as of the end of September - 13.5 billion euros less than the 59 billion euros required during the same period in 2011. On a monthly measure, borrowing last month totalled 11.4 billion euros, down slightly from 11.9 billion euros in September 2011. Italy's labor unions have been loudly protesting deep government spending cuts and austerity measures made at the same time the country is caught in a recession. Unemployment in Italy remains high at 10.7% in August, the country's statistics agency Istat reported Monday.

Lascia il tuo commento

Condividi le tue opinioni su Gazzetta del Sud online

Caratteri rimanenti: 400

Le altre notizie

i più letti di oggi