Luxembourg, 07/06/2006 (Agence Europe) - Italy's finance minister Tommaso Padoa Schioppa said on 7 June that the Italian government was well aware of its commitments under the excess budget deficit proceedings launched in 2005. He told reporters that the Prodi government planned to reduce Italy's national deficit to by 1.06% GDP (gross domestic product) in 2006-2007, in line with the pledges made by Italy's last government under Silvio Berlusconi. Tommaso Padoa Schioppa said he had briefed...