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Europe Daily Bulletin No. 9258

6 September 2006
Contents Publication in full By article 22 / 43
GENERAL NEWS / (eu) eu/ecb/italy
Lorenzo Bini-Smaghi demands that Italy brings down debt to below 100% of GDP and deficit to less than 2%

Brussels, 05/09/2006 (Agence Europe) - The objective of bringing the Italian budget deficit to below 3% “is not enough”, as “with a deficit of 2.8% we are barely putting a brake on the public debt in relation to GDP. To systematically reduce the debt, a deficit of less than 2% and an underlying balance”. This is what Lorenzo Bini-Smaghi, an Italian member of the European Central Bank's (ECB) board of governors, affirmed in an interview to Corriere della Sera on 5 September. He warned...

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