Italy has already fully respected
the EU Stability and Growth Pact with its 2017 budget, Rome told
the European Commission in reply to a letter asking it for a
further 3.4-billion-euro cut.
In the letter, Economy Minister Pier Carlo Padoan said
Italy's debt level was "satisfactory" and stressed there could
be no "self-harming".
However, further fiscal moves including higher duties and
more recovery of dodged taxes will be put in the economic
blueprint, the DEF, by April, he said.
Brussels replied "we have received the Italian response and
we will assess its contents" amid fears that the lack of a
supplementary budget may trigger an infringement procedure.
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