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Italy's Failure to Cut Debt Is a Risk for Europe, EU Warns

  • Debt ratio to output not seen contracting in coming years
  • Government policies not ‘effective’ to raise potential growth
Bloomberg business news
Dombrovskis discusses the European economy, Germany’s slowdown, Italy’s deficit target and Brexit.(Source: Bloomberg)
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The European Commission issued another sharp warning on Italy, saying the country’s massive public debt and long-lasting productivity weakness are risks for other countries in the region.