💨 Abstract

Italy's pledge to increase defense spending to support Ukraine could strain the country's public debt, potentially threatening the creditworthiness of the euro zone's third-largest economy. The European Commission's push for EU-wide defense spending increases could require Italy to find an additional 30-35 billion euros, which could lead to increased borrowing or spending cuts, further straining Italy's fiscal outlook.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖