Lunedì, 15 Ottobre 2018
BRUSSELS

Rehn says Italy's debt provisions 'very likely to be lifted'

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© ANSA

Brussels, April 10 - European Economic Affairs
Commissioner Olli Rehn on Wednesday said it was "very probable"
that Italy will exit the excessive-deficit provisions under the
European Union's Stability and Growth Pact once data had been
reviewed by Eurostat on April 22.
Under the pact, countries are required to keep their
deficit under the threshold of 3% of gross domestic product
(GDP).
On Friday Italian statistics agency Istat said the
country's deficit-to-GDP ratio fell 0.7% to 3.0% in 2012.
The government said Wednesday that Italy's deficit for 2013
should be 2.9% of GDP, after the cabinet approved its economic
blueprint for the year, the DEF.

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