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Italy's EU nominee advocates Keynesian economics
By EUobserver
The EU should pump money into its economies in slow times, Italy's nominee for financial affairs commissioner, Paolo Gentiloni, told MEPs in his hearing on Thursday. There should be "adequate use of fiscal space to face the risks of a slowdown in our economy", he said. Italy has broken EU fiscal limits, but Gentiloni also pledged to pull down public debt and to be neutral toward Italy's national interests.