[HIGHLIGHTS] Moody's, Italy's debt at risk if NATO arms race - News

Moody's, Italy's debt at risk if NATO arms race, says ANSA. Arms race in NATO countries triggered by threats from Moscow "will complicate debt reduction efforts and could weaken their credit profile" exacerbating social conflict: "Spain and Italy are particularly vulnerable", says Moody's.

In the base scenario Italy's Debt would rise to 144% of GDP in 2030, but would reach 147% if 2% was reached, Moody's says. The alarm comes from the rating agency Moody's, according to which Spain and Italy have "the largest gaps in defense spending"