✉news WorldEU Politics first seen 10 h ago, last 9 h ago, peak #25
Italy's Deficit to Rise Again as Rome Uses EU Fiscal Flexibility
Original: Italy’s Deficit to Rise Again as Rome Uses EU Fiscal Flexibility
Italy's budget deficit is set to increase again, with the government in Rome availing itself of fiscal flexibility rules granted by the European Union. The move allows Italy to deviate from strict deficit-reduction paths, but it means public finances will worsen rather than improve, drawing attention to the country's debt levels and its relationship with Brussels over EU budget rules.
Why now: Italy's use of EU fiscal flexibility and its rising deficit raise concerns about eurozone budget discipline and Italy's debt sustainability.
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