I the public debt of Italy, or the accumulation of past deficit spending, remains the highest among EU member states, and this' as stated in the decision of the Ecofin repealed the infringement procedure for excessive deficit in Italy. "As regards the debt of Italy - says the decision del'Ecofin - after declining for a decade just below 104% in 2004 remained well above the EU ceiling of 60%. And 'then increased by 2% in 2005 and a further 0.6% in 2006, before dropping back to 104% in 2007. In line with the European Commission's spring forecast due to the policy change is expected to drop around the 102.5% in 2009. " However, the Ecofin concludes that while the rate of debt remains high in Italy and clearly above the reference value, can be considered to have fallen in line with the correction of the excessive deficit in 2007. "
Yesterday, meanwhile, Eurostat has published GDP estimates for the first quarter. GDP in the euro zone and EU-27 rose by 0.8% in the first quarter compared to the previous three months. The growth of GDP for Italy (ISTAT published the other day) was 0.4%. This is the lowest growth of all countries of the European Union.
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