Adding to his earlier comments, European economic commissioner Pierre Moscovici was further noted saying that France will be the only country with a deficit of over 3% next year but won’t be sanctioned over the budget deficit.
Key quotes:
“¢ Rules allow for limit breaks if they are “limited, temporary and exceptional”.
“¢ French and Italian cases are not similar.
“¢ Italy is launching a multi-year stimulus package.
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