Euromò warns of unsustainable public debt in Italy and the US

Rocco Tiso, founder of the cultural movement Euromò, has raised concerns regarding rising public debt levels within the European Union and the United States. According to Eurostat data, EU debt stands at 82.9% of GDP, rising to 88.9% in the Eurozone, with Greece, Italy, and France reporting the highest ratios.

In Italy, debt has reached a record of over 3,200 billion euros, while US gross debt has surpassed 40 trillion dollars. Euromò attributes Italy's debt expansion to high interest costs and demographic imbalances, specifically an aging population affecting the welfare state. In contrast, the US debt growth is driven by a gap between spending and revenue, exacerbated by tax reforms that reduced rates for large corporations and high earners while public spending increased.

Euromò argues that high debt leads to reduced public services and higher taxes for workers. The organization advocates for productivity reforms, more equitable tax systems targeting concentrated wealth, and international cooperation to stabilize markets, rather than indiscriminate cuts to social services.