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Tax cuts will not breach Italy's EU deficit limit, says PM

10.03.14 @ 09:32

  1. By EUOBSERVER

New tax cuts worth €10 billion will not put Italy in more danger of missing the EU's 3 percent limit on budget deficits, prime minister Mattero Renzi said Sunday. The limit was "a conceptually antiquated idea, but we will respect it" said Renzi, who took office last week.