The economy ministry on Tuesday
said that the "relationship between public debt and GDP is
essentially stabilised" and called it an "extraordinary result
in light of the worst recession since the 1930s and comparing it
to the dynamic of debt in other Eurozone countries".
It said it will respond to a letter from the European
Commission "in the context of the usual dialogue with the
Commission" by "sending the report on relevant factors that
justify the dynamic of the relationship between public debt and
GDP".
The European Commission has asked Italy for a "clear time
frame" to swiftly adopt legal moves to make a further 0.2% cut
to the budget deficit-to-GDP ratio and avert an infringement
proceeding, according to a letter sent to Rome, which ANSA has
seen.
Sources said this would mean an additional budget move by the
end of February.
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