Brussels, 13/07/2001 (Agence Europe) - Italy's Minister of the Economy, Giulio Tremonti has written to the European Commissioner for Economic and Financial Affairs, Pedro Solbes, confirming that his government intended to respect the commitments stemming from the EU's Broad Economic Policy Guidelines. Given the worse than expected budgetary balance (see yesterday's EUROPE, p.13), Italy will take the appropriate corrective measures.
The Commissioner's spokesperson said that Italy's budgetary...