Unprecedented move likely after government insists it needs to increase deficit The European commission is expected to ask Italy's indebted government to revise its 2019 draft budget on Wednesday, the first time such a request will have been made of an EU member state. Italy refused to compromise on its economic targets, sending a letter to Brussels on Monday explaining why it will raise its deficit - the gap between government spending and income - to 2.4% of GDP. The prime minister, Giuseppe C...
Unprecedented move likely after government insists it needs to increase deficit The European commission is expected to ask Italy's indebted government to revise its 2019 draft budget on Wednesday, the first time such a request will have been made of an EU member state. Italy refused to compromise on its economic targets, sending a letter to Brussels on Monday explaining why it will raise its deficit - the gap between government spending and income - to 2.4% of GDP. The prime minister, Giuseppe C...
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