High Debt Level
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"Italy's large public debt (an estimated 105% of GDP in 2008 and rising) is deterring the government from introducing a major fiscal stimulus package to alleviate the impact of the current global financial and economic crisis. The minister of the economy, Giulio Tremonti, has insisted that although some other governments might be able to increase their deficit and debt levels to boost their economies, Italy cannot."
Sources: http://internationalbusiness.wikia.com/wiki/Italy%27s_Debt
"However, Parliament has approved the selling of gold by Italy so that they can cut into their large amount of debt. They can reduce their debt by $36.9 billion or 27 billion Euros this would reduce debt from 105.1% (est. 2009) to 103.2% of GDP. They would have to sell about 1,300 tons of gold to make this happen (Resource Investor). According to the Italian Economist Intelligence Unit the public debt/GDP ratio is expected to rise from 105% to nearly 110-115% by the end of 2009 if this modest stimulus package is all that is put in place (Economist.com)."
Sources: http://www.economist.com/daily/news/displaystory.cfm?story_id=13096792 …
SWOT Analysis Survey
SWOT Weakness: High Debt Level
"Italy's large public debt (an estimated 105% of GDP in 2008 and rising) is deterring the government from introducing a major fiscal stimulus package to alleviate the impact of the current global financial and economic crisis. The minister of the economy, Giulio Tremonti, has insisted that although some other governments might be able to increase their deficit and debt levels to boost their economies, Italy cannot."
Sources: http://internationalbusiness.wikia.com/wiki/Italy%27s_Debt
"However, Parliament has approved the selling of gold by Italy so that they can cut into their large amount of debt. They can reduce their debt by $36.9 billion or 27 billion Euros this would reduce debt from 105.1% (est. 2009) to 103.2% of GDP. They would have to sell about 1,300 tons of gold to make this happen (Resource Investor). According to the Italian Economist Intelligence Unit the public debt/GDP ratio is expected to rise from 105% to nearly 110-115% by the end of 2009 if this modest stimulus package is all that is put in place (Economist.com)."
Sources: http://www.economist.com/daily/news/displaystory.cfm?story_id=13096792
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