Austria’s Chancellor: Italy’s debt could threaten eurozone

Sanctions for debt-laden EU members “will prevent Italy, for example, ending up a second Greece thanks to irresponsible debt policies”, the centre-right leader told Italy’s La Stampa newspaper.

This is the only way “we can avoid Italy putting the entire eurozone at risk”, Kurz said, targeting Italy’s big-spending populist coalition government.

Italy’s public debt is currently around 2.3 trillion euros ($2.6 trillion), or 132 percent of Italy’s GDP – way above the 60 percent EU ceiling.

The ruling coalition of the anti…
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