Maria Cannata, head of funding at the Italian treasury, rushes into her beautiful office in the public debt mansion in Rome, straight from another meeting. The offices of Italy’s public debt team are colossal – long, vast halls on floor after floor, lined with offices almost as beautiful as Cannata’s. The size and grandeur of the building reflects the size and grandeur of Italy’s public debt – 110% of GDP at the last count.
Cannata says it has been a busy few weeks but that it is always busy at the Italian treasury.
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