Italy Won’t Seek EU Extension of Budget Deficit Goal, Letta Says
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Italian Prime Minister Enrico Letta said he would stick to his predecessor’s promise to balance the budget this year and will work with France to promote more pro-growth policies in the euro region.
Italy will “maintain” its commitment to eliminate its deficit in structural terms, Letta said at a press conference with French President Francois Hollande in Paris today. The structural deficit discounts the effects of the recession.