Part 3/11:
Fast-forward to 2023, and Italy's public debt has ballooned, even surpassing 150% of its GDP at times. Such figures render the Italian financial landscape particularly bleak, despite significant fiscal support from fellow Euro Zone members. Even more troubling, demographic challenges loom large: Italy has one of the oldest populations in Europe, resulting in a shrinking workforce to support the mounting costs of pensions and healthcare for retirees. This demographic shift constrains the government’s tax revenue base and complicates its fiscal management.