Economy Minister Pier Carlo
Padoan's Davos meeting with European Economic and Financial
Affairs Commissioner Pierre Moscovici "lasted a quarter of an
hour, (and) is part of the continuous dialogue between the
government and European authorities handling the surveillance of
national public accounts," economy ministry sources said
Wednesday. "The meeting was open and constructive", they said.
The European Commission has asked Italy to make a further budget
cut of 0.2 of a percentage point of GDP, or about 13 billion
euros, to avert an infringement procedure. Italy has promised to
reply by the end of next month.
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