> (2017) The effect of the zero-interest policy is even more clear in the case of Italy. From 1670 billion in 2008, the debt rose to 2270 billion, but Rome now pays only 66 billion euro interest, whereas in 2008 it was still over 80 billion.
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The debt level of the Southern European countries has drastically increased. In fact, the debt stand of the southern European countries has drastically increased in recent years, although the interest charges did not increase correspondingly. On the contrary, in many cases, they are now even lower than before the financial crisis – thanks to the EC…