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المشهد العربي
Giorgetti Emphasizes Debt Protection
The Italian Minister of Economy and Finance, Giancarlo Giorgetti, called for control over public financial indicators and restrictions on the size of public debt, with the aim of achieving fiscal sustainability and boosting market confidence. This is especially important as the European Central Bank raises interest rates to combat high inflation driven by increased energy costs. He emphasized that continued interest rate hikes increase the borrowing burden on households, businesses, and the treasury, threatening financial stability. He also highlighted the importance of keeping debt within safe limits to ensure that the government can continue borrowing effectively to address current economic challenges.
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