mo4ch:>Why is US so jittery over Italy joining China’s new Silk Road? RT’s Boom Bust finds out | Mo4ch News

Published time: 14 Mar, 2019 15:02Edited time: 14 Mar, 2019 15:04Italy is moving towards greater economic cooperation with China under the Belt and Road Initiative (BRI), Beijing’s development & investment megaproject in 152 countries in Europe, Asia, the Middle East, Latin America, and Africa.This week, Italian Prime Minister Giuseppe Conte said the government is exploring methods to monitor deals under the BRI brand. Conte also said Italy will take special measures to safeguard strategic activities and national interests. US officials effectively responded, warning that the BRI is a debt trap for other nations. RT’s Boom Bust discusses the issue, pointing out that the public debt of the Eurozone’s third largest economy, Italy, is currently measured at 130 percent of GDP.READ MORE: Italy joining China’s new Silk Road raises eyebrows in WashingtonFor more stories on economy & finance visit RT's business section
Source : RT Business NewsWhy is US so jittery over Italy joini…