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Worth noting: at 137% [1], Italy is now over the debt/GDP ratio where Greece lost control of its public finances in 2009 (127%) [2] (and France is not all that
by T-A 6mo ago
Worth noting: at 137% [1], Italy is now over the debt/GDP ratio where Greece lost control of its public finances in 2009 (127%) [2] (and France is not all that far behind at 115%). Current tax rules are unlikely to remain in place if/when the next crisis hits.
[1] https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-22042026-bp https://ec.europa.eu/eurostat/web/products-euro-indicators/w...
[2] https://en.wikipedia.org/wiki/Greek_government-debt_crisis#External_factors https://en.wikipedia.org/wiki/Greek_government-debt_crisis#E...