Who owns the Italian public debt

Over one third is in foreign hands (32%)
Who owns the Italian public debt
03 April 10:30 2018 Print This Article

This is what emerges from an analysis made public by the Unimpresa Study Center on Italian public debt. Securities underwritten by funds and insurance companies fell by 19% to € 120 billion. Between 2015 and 2017, the share of public securities held by the Bank of Italy doubled, increasing the purchases of BOT and BTPs by almost 200 billion euros (+ 108%) as part of the plan promoted by the Central European Bank.

The stock of public bonds issued by the Treasury held by households and businesses declined from 149 billion to 120 billion (-20%). On the other hand, the bond portfolio of the Italian State owned by the banks was reduced by almost 32 billion. “These numbers are fundamental in view of the formation of the new government”, observes the vice-president of Unimpresa, Claudio Pucci. “Anyone who succeeds in forming a majority and giving life to a new executive will have to deal with the big finance world, exactly as happened in the last decades, despite the efforts of the ECB, we are always under pressure and the power of the big banks ‘international affairs, which have a relative majority of’ Italia spa ‘, is enormous “. According to the study of the association in the last two years, the public debt rose by 116.3 billion (+ 5.35%), going from 2.173.3 billion in 2015 to 2.289.6 billion in 2017.

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Nicole Volpe
Nicole Volpe

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