European Economic Affairs
Commissioner Pierre Moscovici on Thursday reacted to ex-premier
Matteo Renzi's no to a VAT hike by saying "I have esteem,
friendship and respect for Renzi...but I speak to the Italian
government". "It's up to the Italian government to make the
right proposals, but we know what the gap is, the effort to be
made, which represents 0.2% of GDP," he said. Italy has been
asked for a supplementary budget adjustment of 3.4 billion euros
to avoid an infringement procedure. Renzi on Wednesday said he
was against Premier Paolo Gentiloni's planned rise in VAT as
part of that package.
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