Italy’s public debt hits record

On 13 August 2012 Bank of Italy announced that at the end of June 2012 Italy's public debt rose from €6.6bn to €1.973tr, while the annual budget deficit was bigger than in 2011. According to the Central Bank of Italy the reason for this situation is Italy's share of bailouts for other eurozone countries.

• Primary Source

Website: Bank of Italy http://www.bancaditalia.it/

ESO: Background information: Monti under pressure to renounce bailout http://www.europeansources.info/record/monti-under-pressure-to-renounce-bailout/

Spiegel Online International, 4.9.12: The Catastrophic State of Italy's Labor Market http://www.spiegel.de/international/europe/monti-struggles-against-bleak-outlook-for-italian-economy-a-853907.html

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