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Italy expects EU to consider easing deficit rules if Middle East crisis lasts
The European Union will inevitably consider easing its budget deficit rules if the U.S.-Israeli war with Iran persists, Italy's economy minister said on Friday. Minister Giancarlo Giorgetti also told reporters in Rome that the cabinet had approved a decree setting aside some 500 million euros ($577.20 million) to extend until May 1 from April 7 a cut in excise duties on fuels, in a bid to stabilise prices. [....]