Italy's Debt-laden Government Plans to Sell Stake in Poste Italiane

Italy's Prime Minister Giorgia Meloni's government plans to sell a stake in the country's postal service, Poste Italiane, in an effort to generate 20 billion euros by 2026 to tackle the nation's massive public debt, which exceeds 2.8 trillion euros. Analysts doubt that this sale will significantly reduce the debt, and opposition parties have criticized the move, arguing that the homeland should not be sold. Meloni's government also aims to reduce the debt-to-GDP ratio through asset sales, but experts believe that these partial privatizations are not a structural remedy and will not alter the big picture of Italy's debt situation.