Economic recovery in Europe
is "fragile" and threatened by unemployment and high public
debt, the European Commission said Wednesday. In a report on
public accounts, it urged countries to reduce debt, warning that
is only possible if they meet strict budget targets. Italy is
being closely watched by the EC because of high debt and concern
with some budget targets. Italian Premier Matteo Renzi has said
some stimulative spending to boost growth should be excluded
from calculations.
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