Economics

Draghi’s Full-Throttle Italy Budget Shows No Return to EU Limits

  • Government to narrow deficit but still breach 3% in 2024
  • ‘Growth is the way out of the problem’ of debt, premier says
Mario DraghiPhotographer: Alessia Pierdomenico/Bloomberg
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Italian Prime Minister Mario Draghi is following through on his view that the European Union’s fiscal rules are “obsolete” with a budget that projects deficits well above the bloc’s suspended ceiling for the foreseeable future.