Tax & Spend
Italy Can’t Escape Constraint of Its Debt, Giorgetti Says
Giancarlo Giorgetti
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Italy can’t spend beyond its means because of its mammoth debt, Finance Minister Giancarlo Giorgetti said.
“It’s an element that is a constraint which we can’t avoid,” Giorgetti said speaking at an event in Rome on Monday. “It’s our main constraint even before the rules defined by the European Union.”