The economy ministry has received
a new letter from the European Commission asking for "a report
on the so-called 'significant factors' that may justify a
debt/GDP ratio with a less marked reduction than that
requested," the ministry said Tuesday.
It said "the reply must be sent by November 13".
A similar letter was sent in past years, the ministry said.
The reply "will be sent to Brussels respecting the deadline
indicated", it said.
In the letter, EC economic and financial affairs directorate
Director General Marco Buti writes that "Italian public debt
remains a crucial vulnerability".
Writing to Treasury Director-General Andrea Rivera, he says
"such a high public debt limits the government's room to
manoeuvre for more productive spending to benefit its citizens".
Buti also says the high debt remains a concern for the
eurozone.
He says the 2019 budget plan is incompatible with a debt
reduction.
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