48e9767a8e19d301316aac3a12193a6c8c2492da

Italy to get cash boost with PM Renzi's giveaway budget

Italian Prime Minister Matteo Renzi has already revealed much of the content of a package he says will contain up to 27 billion euros worth of tax cuts and new investment to foster growthBuoyed by a major breakthrough in his wide-ranging reform programme, Italian Prime Minister Matteo Renzi on Thursday unveils an expansionary 2016 budget designed as a shot in the arm for a still-sickly economy. The youthful premier has already revealed much of the content of a package he says will contain up to 27 billion euros worth of tax cuts and new investment to foster growth, despite concerns in Brussels that the giveaway will slow the rate at which Italy is reducing its 2.2 trillion euro debt mountain. The new budget will be approved by the cabinet and simultaneously sent to Brussels, where the European Commission will assess its compatibility with the EU’s Stability Pact debt and deficit rules, potentially demanding revisions before it becomes law.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article