Italy is the only debt-distressed eurozone country in which the negative competitiveness trends (productivity relative to income) have not reversed direction in the post-crisis period. With a debt/GDP ratio of more than 120%, Italy lacks the flexibility to implement fiscal stimulus to bridge the transition to higher growth.
意大利是唯一一个在后危机时期并未扭转其负面的竞争力趋势（生产力相对于收入）的欧元区高负债国家。在债务对GDP比率超过了120%的情况下，意大利缺乏足够的灵活性去实施可以实现从转型向更高速增长过渡的财政刺激政策。