100% is the new 60%. Impressive that this ESM report on a new fiscal framework for Europe manages to avoid

100% is the new 60%.
Impressive that this ESM report on a new fiscal framework for Europe manages to avoid mentioning Italy. How would 100% work if Italy starts with a debt to gdp ratio >150%?
esm.europa.eu/sites/default/… https://t.co/9WRk0xCzGM

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