Italy's public debt hits new record high of 2,816 bn

After going through the 2,800-billion-euros mark in April, Italy's public debt hit a new record high of 2,816.7 billion in May, the Bank of Italy said on Friday, Azernews reports, citing ANSA.

That was a rise of 4.8 billion euros with respect to the previous month, the central bank said.

It said the public sector borrowing requirement of 15.8 billion, and the effect of issuance and redemption discounts and premiums, the revaluation of inflation-indexed securities, and the change in exchange rates (1.7 billion) more than offset the reduction in the Treasury's liquid assets (by 12.7 billion, to 27.6 billion).