But compare it with Italy - which next year has to borrow 307bn just to repay maturing debt.
But midway through the first half it was Italy who made the breakthrough with a quite brilliantly worked goal.
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It was Italy who rode their luck on the stroke of half time when a Weir header was cleared off the goalline by Pirlo.
Nor does it spell the end of it in Italy.
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The sticking plaster is only useful if it gives Italy and Spain sufficient time to persuade the markets that they have their deficits on a sustainable downward trend and their public finances are being properly fixed.
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It is a great privilege and an honor to have the first meeting with you after our telephone conversation, and to hear directly from you your vision about world affairs, and, in particular, the economic cooperation and the common challenges that the U.S. and the European Union and, within it, Italy, have to tackle.
That could produce turbulence in the markets, especially if it seems that Italy or even France might not make it without scandalous fudging of the criteria.
It has not ventured into Italy or Spain, it is only now entering France (it opened its first store there in Paris on February 25th), it has a few shops in Britain, and in Germany its share of the clothes business is negligible.
Paradoxically, although euro membership has made it more urgent for Italy to deal with its structural faults, it may also have made it easier to avoid doing so, by cutting interest rates and eliminating exchange-rate crises.
It was carrying a cargo of ornate ceramics from Portugal and Italy when it sank south of Kinlochbervie harbour in the north west Highlands.
The biggest one is that it might keep Italy out of the single currency in 1999.
The scrawny hand of crisis is now writing the next chapter and it is about Italy.
In Italy it was too hot to walk by June, but we still had work to do.
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As it happens, Italy cannot afford to be too choosy about the colour of its future workforce.
Based on this second chart, it appears that Italy, Portugal, and Belgium are the next dominos to topple.
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Some, particularly on the left, were predicting it could carry Italy's prime minister out of politics for good.
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This threshold was chosen for political reasons: it is roughly Italy's debt ratio.
We've just got to make sure we keep that momentum, keep the training intense and bring it forward to Italy.
It seems that Italy will surpass the JOBS Act in the implementation of the first equity crowdfunding law in the world.
After all, it's not Spain that is responsible for 57% of the sovereign debt of the troubled eurozone economies - it's Italy.
If Wales beat Italy it would set up a potential Six Nations title decider against Ireland at the Millennium Stadium on 14 March.
In Romania the situation is said to be similar to that in China, but in Italy it's said to involve customer loyalty plans.
In Italy it could be a large part of the hardcore fans doing it, therefore it is a lot harder to deal with.
It will condition Italy's politics for months to come, not least in the increasingly likely event of there being a snap general election.
Silvio Berlusconi, whose centre-right opposition party did so well in regional elections last month that it brought down Italy's centre-left government, campaigned partly on an anti-immigrant platform.
In practice, the Bundesbank would surely have to take the entire hit - and then, I suppose, it could sue Italy, Spain and the rest for compensation.
After a year of heavy charged rhetoric and difficult elections in Greece, France, and the Netherlands, it will be Italy, Germany, and Austria in the political spotlight.
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