Italy tells EU it will control deficit, stick to big-spending budget
Italy’s populist government on Monday responded to EU criticism of its budget with a vow to stick to its public spending hike while scrupulously keeping to its own deficit limits. “The figure of 2.4 per cent (deficit to GDP ratio in 2019) is a ceiling that we have solemnly undertaken to respect,” Prime Minister Giuseppe Conte told journalists after the coalition sent its pledge in a letter to EU officials in Brussels. “It’s possible that we don’t reach it, but it’s certain that we won’t exceed it,” Conte said of…
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