The Italian government is currently finalising a raft of measures equivalent to €3.4 billion - or 0.2% of GDP - aiming to ensure that the trajectory to bring the Italian government debt down in the medium term complies with the rules of the Stability and Growth Pact and thereby avoid the possibility of the European Commission opening infringement proceedings (see EUROPE 11731).
The Italian Prime Minister, Paolo Gentiloni, told the press early on the evening of Tuesday 11 April that the...