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Italy's finance minister says the economy can handle shocks and plans to exit EU deficit procedures.
Italian Finance Minister Giancarlo Giorgetti says the country's state finances are resilient enough to withstand economic shocks from the ongoing Middle East crisis.
He expressed hope Italy's deficit could be lowered to 3% of GDP from 3.1%, potentially allowing the country to exit the EU's excessive deficit procedure ahead of schedule.
Despite a slightly weaker economic outlook, Giorgetti emphasized the economy's relative strength.
To help ease the burden of higher energy prices, the government has allocated over 400 million euros to temporarily reduce fuel excise duties, though industry groups continue to call for broader support.
El ministro de Finanzas de Italia dice que la economía puede manejar shocks y planea salir de los procedimientos de déficit de la UE.