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Poverty in Italy deals with the level of poverty and homelessness in the Western European country of Italy. The poverty rate in Italy has increased since the 2008 financial crisis . [ 1 ] In 2017, the number of people living in " absolute poverty " rose to 5.1 million, which was the highest in 12 years. [ 2 ]
On 14 September 2011, in a move to further ease Ireland's difficult financial situation, the European Commission announced it would cut the interest rate on its €22.5 billion loan coming from the European Financial Stability Mechanism, down to 2.59 per cent—which is the interest rate the EU itself pays to borrow from financial markets.
Map of Italy and some of its major cities. The following is a list of Italian municipalities with a population over 50,000.The table below contains the cities populations as of 31 December 2021, [1] as estimated by the Italian National Institute of Statistics, [2] and the cities census population from the 2011 Italian Census. [3]
Overall this makes the country more resilient to financial shocks, ranking better than France and Belgium. [7] About 300 billion euros of Italy's 1.9 trillion euro debt matures in 2012. It will therefore have to go to the capital markets for significant refinancing in the near-term. [8]
The political concerns in Italy are spreading across markets causing serious pressure on the banking sector. Global equities have lost about 1.5% in the past 24 hours and risk aversion has ...
The European Stability Mechanism (ESM) is a permanent rescue funding programme to succeed the temporary European Financial Stability Facility and European Financial Stabilisation Mechanism in July 2012 [113] but it had to be postponed until after the Federal Constitutional Court of Germany had confirmed the legality of the measures on 12 ...
A roundup of news from around the world of finance: The Boot Gets Kicked: As the eurozone sovereign debt crisis continues, focus is shifting to Italy -- the continent's third-largest economy -- as ...
Financial stability is the absence of system-wide episodes in which a financial crisis occurs and is characterised as an economy with low volatility. It also involves financial systems' stress-resilience being able to cope with both good and bad times. Financial stability is the aim of most governments and central banks. The aim is not to ...