The Italian government told the European Commission that it will review its budget both on the spending and the revenue side to avert a standoff over the country’s mounting debt-to-GDP ratio.
The European Commission recently issued a stern warning to the Italian government and expressed doubt over its ability to keep the budget on track. Meanwhile, Deputy Prime Minister Matteo Salvini is making the case for tax cuts to achieve a so-called “fiscal shock” that would boost growth to increase reven...

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