Italy’s deficit for 2006 is expected to be 3.8 percent of GDP, meaning the country will break the 3 percent GDP set by the EU for the fourth consecutive year.
Italian finance minister Giulio Tremonti gave an upbeat interpretation of the figures saying that Italy is on course to meet a target set by EU finance ministers last year.
However, 3.8 percent is higher than the targets that Rome gave the European Commission a few months ago.
In December, Italy told the commission it ...
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