According to the agency, Italy's debt servicing costs exceed its defense budget nearly threefold, while the United States spends more than twice as much on debt interest as on defense

According to the agency, Italy's debt servicing costs exceed its defense budget nearly threefold, while the United States spends more than twice as much on debt interest as on…

Every G7 country apart from Germany and Canada now faces interest costs that exceed defence expenditure, Scope Ratings said. Read more.