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Italy and Greece ask Brussels for fiscal flexibility

Original: Italy and Greece have asked Brussels for more fiscal wriggle room as surging fuel prices and rising inflation add to bud

Italy and Greece have asked the European Commission for more flexibility in meeting EU fiscal rules, arguing that surging fuel prices and rising inflation are straining their budgets. The two countries are the bloc's most heavily indebted, and both face national elections next year, adding political urgency to the request.

Why now: Rising inflation and fuel costs are straining the eurozone's most indebted economies ahead of elections.

ItalyGreeceEuropean CommissionEuropean Union

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Evidence

• Italy and Greece have asked Brussels for more fiscal wriggle room as surging fuel prices and rising inflation add to budgetary pressure on the bloc’s two most indebted countries ahead of elections next year. https:// ft.trib.al/NJmYLIl · FT · 10

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