Naples

Napolitano says debt must be tackled to grow Italian economy

'Imagine what we could do with the money saved' says president

Napolitano says debt must be tackled to grow Italian economy

Naples, November 19 - President Giorgio Napolitano said Monday that Italy had to tackle its enormous debt burden if it wanted the country to grow. "The public debt costs us 80 billion euros in interest every year," he said, commenting on the country's 1.99-trillion-euro debt. "Do you realize what we could do with that money? We have to have a realistic view of our growth prospects".

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