Italian government ministries are
being asked to cut as much as 4.5 billion euros from their
budgets as part of the next Stability Law, according to reports
on Wednesday.
As the law defining the national budget takes shape,
reports say that regional governments will be asked for savings
of about three billion euros in the coming year, while
municipalities are also being asked to trim between 1.5 billion
euros and 1.7 billion euros.
In exchange, lower levels of government may see a
"loosening" of an internal stability pact with the national
government, reports said.
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