Italian government debt

The total share of Italian public debt detained by foreign holders, including the European Central Bank, is 45%.

[10] The measures include a pledge to raise €15 billion from real-estate sales over the next three years, a two-year increase in the retirement age to 67 by 2026, opening up closed professions within 12 months and a gradual reduction in government ownership of local services.

[6] The interim government expected to put the new laws into practice was led by former European Union Competition Commissioner Mario Monti.

[1] In January 2014 the Italian government also agreed to offer citizens a chance to use a new voluntary disclosure scheme to repatriate assets held abroad, often in Swiss banks.

[1] In 2014, the Bank of Italy estimated that Italians held €180 billion in undeclared assets abroad, a figure that was three times as high as in 2004.