World News: 06:52 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
“If we need to break some limits, like the 3% or the 130-140%, we’ll go ahead,” Salvini told reporters in the League’s northern stronghold Verona, a reference to restrictions on budget deficits and government debt. With a debt-to-GDP ratio eclipsed only by Greece within the euro area, Italy is the financial time bomb that keeps policy makers awake at night and after a decade of failed fixes, Salvini and his populist allies in the Five Star Movement took power last year with a mandate to try to spend their way out of trouble. The European Commission headed off their first attempt to deliver on that pledge in December.
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