Tax & Spend

Italy Can’t Escape Constraint of Its Debt, Giorgetti Says

Giancarlo Giorgetti 

Photographer: Alessia Pierdomenico/Bloomberg
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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.”