IMF says Italy debt high, gradual, sustained adjustments – Business

The International Monetary Fund said
Wednesday Italy’s public debt was high and on the rose and
therefore required gradual and sustained adjustments.

   
“In our forecasts, Italy’s debt level is high, and it is
expected to continue to increase,” said Davide Furceri, division
head of the IMF’s Fiscal Affairs Department.

   
“So in our forecasts we do not expect the debt-to-GDP ratio to
fall, but rather we expect it to increase.
…