Italia vicina all’uscita della procedura di deficit in eccesso dell’UE, dice Lagarde della BCE
https://www.reuters.com/markets/europe/italy-close-exiting-eus-excess-deficit-procedure-ecbs-lagarde-says-2025-09-01/
di Massimo25ore
Italia vicina all’uscita della procedura di deficit in eccesso dell’UE, dice Lagarde della BCE
https://www.reuters.com/markets/europe/italy-close-exiting-eus-excess-deficit-procedure-ecbs-lagarde-says-2025-09-01/
di Massimo25ore
2 commenti
ROME, Sept 1 (Reuters) – Italy will soon leave the European Union’s excessive deficit procedure as it is close to bringing its budget shortfall to 3% of gross domestic product (GDP), the president of the European Central Bank said on Monday.
Being under a so-called “excessive deficit procedure” reduces countries’ room for manoeuvre on tax and spending because EU rules oblige them to cut their fiscal gap by a prescribed amount each year until it falls to 3% or below of GDP.
ECB President Christine Lagarde mentioned Italy’s improving fiscal prospects while discussing the budget crisis in her native France, where the government is at risk of collapsing in a confidence vote next week.
“Italy is making very serious budgetary efforts today and will probably exit from (the EU procedure), getting soon to a deficit of 3%,” Lagarde said in an interview with Radio Classique.
Economy Minister Giancarlo Giorgetti said in July that Italy could bring its deficit below 3% of GDP as early as 2025, paving the way for exiting the EU procedure in 2026, one year ahead of schedule.
In April, the government pledged to cut the deficit to 3.3% of GDP this year from 3.4% in 2024, and to 2.8% in 2026.
Italy is due to update its growth forecasts and deficit and debt targets this month under the so-called Document of Economy and Finance (DEF).
The government is strategically playing dead like a possum in the hope of not increasing tensions between the three governing parties financed by three different, conflicting lobbies.
The reduction of deficit is due to the collapse of interest rates on debt, literally nothing done by the Meloni government has helped.
The most favourable thing these guys have done for workers was to prevent Salvini from completely cancelling the debts of tax evaders.
If anyone is wondering, the opposition are also pretending to be dead, for so long that it is difficult to say whether they are still pretending or are really dead.