European Commissioner for the Euro Valdis Dombrovskis told the Senate Thursday that "this year, if all the flexibility is granted, and that decision has not been taken yet, Italy will have a limit of 0.75% of GDP, that will be the ceiling". He said it was too early to comment on Italy's request, which is set to get a response next month. Italy has asked to use the flexibility clause in the EU's Stability Pact to help fund expansionary policies to stoke growth, arguing it deserves the leeway because of extraordinary spending on the migrant emergency.
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