Premier Paolo Gentiloni said
Tuesday that it is necessary to obtain greater flexibility in
the application of European Union budget rules.
"We have to be certain that a debate is taking pace about the
margins of the Stability Pact and it does not just concern
Italy," Gentiloni said.
"It will go on over the next few months and we will take part
because it is not just possible, but necessary in a time when
growth should be encouraged".
Italy is currently preparing a budget adjustment of around
3.4 billion euros after the European Commission demanded that it
reduce its structural deficit by an additional 0.2% of GDP by
the end of April to avert infringement procedures.
ALL RIGHTS RESERVED © Copyright ANSA
