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Italy's debt interest payments to rise more than 10% in 2012

September 24, 2012 Ansa
Italy public debt interest payments will this year rise more than 10% to 86.1 billion euros, some eight billion euros more than in 2011, according to government forecasts released on Friday.

In 2013, the country will spend 89.2 billion euros, or an extra 3.1 billion euros compared to this year, and by 2015 the annual interest payments on public debt for the euro region's third largest economy will soar to 105.4 billion euros, the government predicted. Italy's borrowing costs have gone up sharply over the last year as a result of the eurozone debt crisis.

The forecasts were in the revised version of the government's DEF economic blueprint.
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