(ANSA) – Brussels, February 27 – Italy still has "excessive" economic imbalances, the European Commission said in its Country Report on Italy Wednesday.
In particular, "the high (public) debt and protracted scant productivity imply risks with a transnational significance, in a context of high levels of NPLs and unemployment," the report said.
"The debt will not fall in the next few years, given that weak macro prospects and the current government budget plans, albeit less expansive than before, imply a deterioration in the primary surplus".
The Commission said that "the 2019 budget includes measures that overturn elements of important […]
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