Select a language
As widely anticipated, on May 29 the European Commission cancelled the excessive deficit procedure it had opened in 2009 against Italy.
Rome will now enjoy a freer hand in stimulating its economy, but in exchange Brussels asked Italy to continue the budget consolidation and simultaneously speed up reforms to raise its economic competitivity.
As a result, “Italy’s room for manoeuvre is very little,” comments Il Sole, while nonetheless saluting a “success due to the sacrifices of all.”
Do you like our work?
Help multilingual European journalism to thrive, without ads or paywalls. Your one-off or regular support will keep our newsroom independent. Thank you!
Read more on this topic
