Rome and Brussels are engaged
in negotiations on Italy's public accounts and the outcome is
expected to influence the tone of the letter that the European
Commission is set to send calling for an adjustment in Italy's
structural deficit, sources said Tuesday.
The two sides are negotiating over the size of the adjustment
required and the time frame to deliver measures, sources said.
The Italian government would like to avoid an obligation to
present the measures by February 1, which the EC reportedly
wants as it will release a new set of economic forecasts that
day.
Brussels, meanwhile, wants guarantees that Italy will take
action as soon as possible to be able to include the details in
an upcoming report on debt, without having to highlight too big
a difference from the set targets.
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