eu summit

eu summit

Italy's Renzi Says To Use EU Presidency To Push For Budget Flexibility Pact

1d ago
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Italy will propose offering European Union member states that undertake structural reform more flexibility on budget rules when Rome assumes the presidency of the 28-member bloc later this year, Prime Minister Matteo Renzi said on Friday. He said the October EU summit, expected to focus on the EU's economic agenda could see concrete proposals for change. Italy's budget deficit is expected to come in at 2.6 percent of gross domestic product this year, well within the EU's 3 percent ceiling while GDP is expected to grow by a mere 0.6 percent, according to European Commission forecasts this week. http://feeds.reuters.com/~r/Reuters/worldNews/~3/f0hCfWnBk8A/story01.htm http://www.wochit.com