MILAN, Dec 7 (Reuters) - Italy’s debt with the European Central Bank rose to a new record high in November, after falling the previous month, data from the Bank of Italy showed on Thursday.
Italy’s net debt towards the ECB’s Target 2 payment system, which settles cross-border payments in the euro zone, stood at 435.9 billion euros ($514 billion) in November.
In October it had fallen to 412.4 billion euros from 432.5 in September.
Euro zone countries’ Target 2 positions are monitored because they highlight imbalances within the bloc and the potential for colossal sovereign defaults were it to fall apart. ($1 = 0.8483 euros) (Reporting by Giulia Segreti)