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Defence spending excluded from Stability Pact, a success - Crosetto

Italian position accepted says minister

Redazione Ansa

(ANSA) - ROME, DEC 20 - Defence Minister Guido Crosetto said Wedesday he was "happy" that the new European Stability and Growth Pact agreed at ECOFIN excluded defence spending from calculation of the budget targets.
    "I am happy that Italy's position has been acknowledged and that defence investments have been considered a relevant factor for exclusion from the calculation of the budget targets,£ said Crosetto, thanking Premier Giorgia Meloni and Economy Minister Giancarlo Giorgetti "for the great result obtained in the redefinition of the European rules and parameters for the coming years".
    "At a difficult time like this it was right to free up resources for health, welfare, taxation and business competitiveness, without giving up on security.
    "Our teamwork and the seriousness of our positions have been crowned with success," he added. (ANSA).
   

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