The dialogue between Italy and the
EU over a further budget adjustment of 0.2% of GDP cane have a
"positive outcome," Economic Affairs Commissioner Pierre
Moscovici said Wednesday, saying that Italy was heading in the
right direction "on the basis of new forecasts and measures".
He said there would be no rush to judgement on Italian moves but
Rome should show "responsibility" over the accounts. Italy
should continue to implement reforms for growth and the results
would be seen over time, he said. Italy is putting together a
package of measures to achieve the extra 0.2% budget cut and
avert an EU infringement procedure.
photo: Moscovici (L) with Economy Minister Pier Carlo Padoan
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