Italy Will Have Europe’s Biggest Debt in Three Years, Scope Says

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Giorgia Meloni

Photographer: Alessia Pierdomenico/Bloomberg

Italy will have Europe’s biggest debt pile in just three years, according to Scope Ratings, which called for a plan to get its public finances in order.

The country’s borrowings as a proportion of gross domestic product are set to exceed those of Greece within that time, the company said in a report on Friday. That’s quicker than projected by the International Monetary Fund, which forecasts such a result in 2028.