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21 October 201911.25 Italian debt in 2018 rose to 134.8% of GDP, from 134.1% in 2017. Instead, the deficit dropped from 2.4% to 2.2%. Eurostat announced this. Italian debt remains the second highest in the EU, after Greece (181.2%). The EU economic forecasts for April gave Italian debt at 132.2% and the deficit at 2.1%. Among the larger countries, Germany's debt fell to 61.9% from 65.3%, in France it remained stable at 98.4%.