Why Italy’s budget has caused a European row
The European Commission is unimpressed by the deficit proposed for 2019, and fines are a possibility.
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It does not seem much. The Italian budget for 2019 envisages a deficit of 2.4% of GDP.
By comparison, the shortfall in Spain last year was 3.1%. And America’s budget deficit in fiscal 2018 was 3.9%. Though the gap between revenue and spending that Italy plans is inside the euro-zone limit of
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Why Italy’s budget has caused a European row
Analysis,
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