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How the EU policy on ‘stupid’ stability chokes off spending in member states

Italian business and political leaders are calling on EU institutions to take extraordinary measures to address the energy crisis provoked by the war with Iran. Emanuele Orsini, president of the Italian industrial association Confindustria has suggested a temporary suspension of EU budget rules to allow member states to provide support to businesses and families. Finance Minister Giancarlo Giorgetti has warned against raising interest rates and requested “extraordinary measures” from Brussels. [..]