Moody's, Italy's debt at risk if NATO arms race - Breaking news. The 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", according to Moody's rating agency. In the base scenario Italy's Debt would rise to 144% of GDP in 2030, but would reach 147% if 2% was reached. The alarm comes from the rating agency Moody's.