The International Monetary Fund said
Wednesday Italy's public debt was high and on the rose and
therefore required gradual and sustained adjustments.
"In our forecasts, Italy's debt level is high, and it is
expected to continue to increase," said Davide Furceri, division
head of the IMF's Fiscal Affairs Department.
"So in our forecasts we do not expect the debt-to-GDP ratio to
fall, but rather we expect it to increase.
"Italy is one of the cases in which we say that fiscal
adjustments are necessary that start now, that are gradual and
sustained," said Furceri.
"It is important that they are gradual and sustained because we
want an adjustment that continues to preserve economic growth".
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