Header and navigation menu

Page content

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. [....]