Italy's public debt has broken through the threshold of 3 trillion euros. The Bank of Italy reported that as of November 2024, the public debt amounted to 3,005 billion euros. The National Consumers Union calculated that for every Italian (including infants and centenarians) the debt per capita amounts to 51,000 euros. Government bond auctions are always a success, demand always far exceeds supply. Why? Easy: investors get higher interest with low risk, given the implicit guarantee offered by Italian savers. The debt is a mountain that cost Italy 78 billion euros in interest in 2023 (thankfully decreasing in the coming years) and that reduces - as all economy ministers including the current one, Giancarlo Giorgetti, complain - the room for maneuver in enacting policies to stimulate economic growth.