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Italy won't pass 'corrective budget'

EU said 2014 budget 'insufficient' to correct imbalances

06 March, 12:35
Italy won't pass 'corrective budget' (ANSA) - Rome, March 6 - Premier Matteo Renzi's government will not pass a "corrective budget", government sources said Thursday. The European Commission on Wednesday said Italy's 2014 budget, passed by Renzi's predecessor Enrico Letta, was insufficient to correct the country's "excessive macroeconomic imbalances", including high debt and low competitiveness.

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