Italian prime minister Giuseppe Conte called the EU forecast ‘prejudiced’ (Photo: Consilium) Clashes on Italian overspending will shortly return to the EU centre stage, if the European Commission’s gloomy forecast comes true.
The Italian budget deficit is set to jump to 3.5 percent of GDP next year – breaking the EU red line of 3 percent, the commission predicted on Tuesday (7 May).
Its debt pile will also peak at 135.2 percent of GDP compared to the EU limit of 60 percent.The likely scenario comes amid predictions of GDP growth of just 0.1 percent this year – the lowest in the […]
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