State Dolg of Italy in 2021 will be maximized in a century and will be almost 160 percent of GDP, reports Bloomberg. It will exceed even the first year figure after the end of the Second World War, when the relationship between the State debt and GDP amounted to 159.5 percent.
The budget deficit will increase to 11.8 percent this year, since the third largest economy of Europe is looking for billions of additional euros in the form of loans to help protect their citizens and business from the effects of a pandemic. In addition, the cost of stimulating the economy will exceed 170 billion euros (203.5 billion dollars).
More than 115 thousand people were killed from Coronavirus in Italy. Pandemic and misunderstanding missed due to her, the tourist sector has collected. Recently, protests began in Rome: restaurateurs and owners of other businesses require mitigating restrictions. In other cities, demonstrators overlap the road. Italian authorities made it possible to mitigate the restrictive regime by the end of April, the priority will be given outdoor activities.
At the end of last year, information appeared in the media that in Italy, the queues began to appear before food banks. They also faced qualified workers from enterprises that were forced to close, or former businessmen.
Mafia was connected to the help of the Italian economy: in the midst of a pandemic, local mafia structures began to provide monetary assistance to small and medium businesses. However, we are not talking about altruism. So the crime is trying to put the recipients of “social benefits” under its control, in order to further use them for money laundering. The criminals first offer support, and when the business owner agrees to it, go to traditional intimidation methods.