The food, the wine, the life. Italy is – not surprisingly – one of the most popular tourist destinations in the world. Venice, Roma, Piemonte, Tuscany, Calabria, Sicily. Italy’s cities and regions are just as versatile as the famous Italian singers. Moreover, it’s all about love.
‘With great power comes great responsibility’. The earliest usage of this phrase is attributed to Voltaire. In 2002 Spiderman used this mantra too. We don’t know if Voltaire or Spiderman ever got caught up in the nasty web of sex scandals and intrigue, but many famous people got involved in a sex scandal. TV-personalities, actors or sportsmen were confronted with their sexual escapades being made public.
In October, Italy’s public debt rose over 2 trillion euros. Public debt is also known as national debt and it is the sum of all debts of a government. Governments therefore borrow by issuing securities and bonds. However, if the debt as a percentage of the gross domestic product (GDP) is regarded as risky, the less likely that investors will invest in these government bonds. So which countries have a huge public debt as a percentage of the GDP? Check out our next list of countries by public debt!