EC says recovery 'fragile'

(ANSA) - Brussels, December 17 - Economic recovery in Europe is "fragile" and threatened by unemployment and high public debt, the European Commission said Wednesday. In a report on public accounts, it urged countries to reduce debt, warning that is only possible if they meet strict budget targets. Italy is being closely watched by the EC because of high debt and concern with some budget targets. Italian Premier Matteo Renzi has said some stimulative spending to boost growth should be excluded from calculations.