While Pierre Moscovici calls on Rome to keep its budget deficit under control, the Italian government is calling for debt restructuring.
Italy remains on a collision course with Brussels over the budget deficit, with the government and the ECB’s Mario Draghi calling for a more systemic approach to the Eurozone’s crisis-management arsenal.
Italy holds its red lines
The Commissioner asked Italy to target “wasteful spending” and prioritise investment to help stimulate growth. However, in a state...

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