Brussels, 18/04/2012 (Agence Europe) - The Italian government has postponed for a year, from 2013 to 2014, its aim of restoring a balanced budget, due to the recession biting deeper than initially forecast, explains a document from the Italian Treasury that was endorsed by the Italian cabinet on Wednesday 18 April.
The Italian report says that the government is aiming at a deficit of 1.7% of GDP this year and 0.5% next year (rather than the 1.6% and 0.1% forecast in December 2011) and then...