Giuseppe Conte Says Italy Won’t Use All EU Recovery Funds Over Debt Concerns
- Prime Minister speaks in end-of-year press conference
- Cabinet to meet early January to discuss funds spending plan
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Prime Minister Giuseppe Conte said Italy won’t make full use of European Union pandemic recovery funds amid growing concerns over rising public debt and the country’s ability to effectively use the funds.
“We cannot use all the loans that we’re given,” Conte said on Wednesday during his year-end press conference in Rome. “There is a limit, we have to be credible and offer a sustainable curve for public debt.”