The Italian government insists that it can meet its 2.04% deficit target, but an increasingly sceptical European Commission projects that the figure will be closer to 2.5% - a point of contention that appears likely to reach an inflexion point between by mid-week when officials from the EU-28 meet in Brussels to approve a European Commission report confirming that Italy is in breach of bloc's fiscal compact.
Approving the report gives the European Commission the mandate to trigger an Excessive ...

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