MILAN — Italy lowered its proposed deficit to just over 2 percent of GDP in a revised budget submitted Wednesday to the EU Commission in a bid to avoid costly sanctions.
Premier Giuseppe Conte told reporters in Brussels after meeting with European Commission President Jean-Claude Juncker the new draft lowers the budget deficit to 2.04 percent of GDP from 2.4 percent of GDP. Conte said the government had identified additional financial resources to allow room for negotiations with the commission, without specifying what they were.
“We hope to bring home a positive solution,” Conte said, adding that the climate in the […]
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