Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Italy's finance minister says the economy can handle shocks and plans to exit EU deficit procedures.

flag Italian Finance Minister Giancarlo Giorgetti says the country's state finances are resilient enough to withstand economic shocks from the ongoing Middle East crisis. flag 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. flag Despite a slightly weaker economic outlook, Giorgetti emphasized the economy's relative strength. flag 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.

3 Articles