Italy debt high, credible adjustment needed says IMF
Italy's public debt is high and a credible adjustment is needed, the International Monetary Fund said Wednesday, Azernews reports, citing foreign media outlets.
"Italy is an advanced economy with an elevated debt, it is a country where by tradition there is concern for the bond market and the spread," the IMF said.
"Our recommendation is that a credible budget adjustment would be important to put the debt on a sustainable downward trajectory," said Victor Gaspar, director of the IMF's Fiscal Monitor.
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