UPDATE - Trump Offers Help To Italian Prime Minister In Easing Italy's Public Debt - Reports

ROME (Pakistan Point News / Sputnik - 24th August, 2018) US President Donald Trump offered Italian Prime Minister Giuseppe Conte help in financing the country's public debt in 2019 during their meeting in Washington in July, media reported citing three senior officials in Rome.

The Corriere Della Sera newspaper reported on Thursday night that Conte did not seem to have given any details about Trump's proposal and it was yet unknown what aid in particular he was offering and whether it would be provided at all.

According to the Central Bank of Italy, the country's public debt reached an all-time high in April, exceeding 2.3 trillion Euros (around $2.7 trillion). In 2019, the central bank will place over 400 billion euros worth of bonds on the market in order to service the state debt, the outlet said.

Following his visit to Washington, Conte posted a video on his official Facebook page, featuring Trump calling for investments in Italy at their joint press conference.

Reports on Trump's offer come amid US trade wars launched by the president across the world, including the countries comprising the European Union. In June, Trump slapped Europe with tariffs on steel and aluminum imported into the United States.