Domenica, 21 Ottobre 2018

Premier says he'll fight unemployment without higher deficit


Rome, May 31 - The Italian government will stay
within its budget even as it fights youth unemployment, Premier
Enrico Letta pledged Friday.
During meetings with European Council President Herman Van
Rompuy, Letta said that Italy will have in place a National
Action Plan against youth unemployment in time for a EU summit
on the issue.
But Italy will still remain within budget, and stay below a
3% debt-to-GDP ratio, Letta added.
Earlier this week, the European Commission recommended that
an excessive-deficit procedure against Italy be closed - rare
good news for an economy enduring its longest recession in over
20 years.
The EC is closing the procedure it opened in 2009 as Rome
has forecast that Italy's budget deficit-to-GDP ratio will be
under the 3% threshold allowed by the European Union this year,
at 2.9%.

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