(see related story on IMF)
The IMF has warned Italy against
breaching the EU's budget rules.
"Our concern about Italy is that there is a real imperative
for the fiscal policy to maintain confidence, the confidence of
markets," Maurice Obstfeld, the director of the IMF's research
department, told a press conference presenting the Fund's latest
World Economic Outlook.
"And we have seen spreads increase over the past months.
"This has certainly contributed to our downgrade of Italian
growth and makes the economy more susceptible to shocks.
"So, we think it is important that the government operate
within the framework of the European rules, which are also
important for the stability of the eurozone, itself".
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