Worth noting: at 137% [1], Italy is now over the debt/GDP ratio where Greece lost control of its public finances in 2009 (127%) [2] (and France is not all that far behind at 115%). Current tax rules are unlikely to remain in place if/when the next crisis hits.

[1] https://ec.europa.eu/eurostat/web/products-euro-indicators/w...

[2] https://en.wikipedia.org/wiki/Greek_government-debt_crisis#E...