* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, May 18, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    We won’t get a Game of Thrones show this year: A Knight of the Seven Kingdoms shifts to early 2026 – Entertainment Weekly

    Game of Thrones Fans Will Have to Wait: A Knight of the Seven Kingdoms Delayed Until 2026!

    Nile Entertainment Secures African Rights for Thrilling Action Film ‘Son of the Soil

    Florida Highwaymen movie ‘Legends of the Highway’ based on original 26 Black artists – Treasure Coast News

    Unveiling ‘Legends of the Highway’: A Captivating Film Celebrating the Legacy of Florida’s Original 26 Black Artists

    Alabama to expand Entertainment Industry Incentive Act – WVTM

    Alabama Boosts Entertainment Industry with Expanded Incentive Act!

    Toast Sets Its Sights on Revolutionizing Entertainment Venues

    Eva Dickerman Joins Entertainment 360 As Partner – Deadline

    Eva Dickerman Takes the Spotlight as New Partner at Entertainment 360!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Super Speeders are deadly. This technology can slow them down. – Popular Science

    Revolutionary Technology: Taming the Threat of Super Speeders!

    Celebrating Success: Highlights from the Collaborative College for Technology & Leadership Graduation Ceremony

    Philly police unveil strategy to crack down on car meetups utilizing technology – NBC10 Philadelphia

    Philly Police Launch High-Tech Strategy to Tackle Car Meetups!

    Stony Brook Medicine Pioneers Use of AI Technology for Heart Disease Diagnosis on Long Island – SBU News

    Revolutionizing Heart Health: Stony Brook Medicine Leads the Way with AI Technology

    How to Clean Up and Restore Low-Quality Videos with AI Technology – finehomesandliving.com

    How to Clean Up and Restore Low-Quality Videos with AI Technology – finehomesandliving.com

    Opening kids’ eyes to the wonders of Information and Communication Technology at EBU Girls in ICT Day 2025 – EBU tech

    Unleashing Curiosity: Exploring the Magic of Information and Communication Technology at EBU Girls in ICT Day 2025!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    We won’t get a Game of Thrones show this year: A Knight of the Seven Kingdoms shifts to early 2026 – Entertainment Weekly

    Game of Thrones Fans Will Have to Wait: A Knight of the Seven Kingdoms Delayed Until 2026!

    Nile Entertainment Secures African Rights for Thrilling Action Film ‘Son of the Soil

    Florida Highwaymen movie ‘Legends of the Highway’ based on original 26 Black artists – Treasure Coast News

    Unveiling ‘Legends of the Highway’: A Captivating Film Celebrating the Legacy of Florida’s Original 26 Black Artists

    Alabama to expand Entertainment Industry Incentive Act – WVTM

    Alabama Boosts Entertainment Industry with Expanded Incentive Act!

    Toast Sets Its Sights on Revolutionizing Entertainment Venues

    Eva Dickerman Joins Entertainment 360 As Partner – Deadline

    Eva Dickerman Takes the Spotlight as New Partner at Entertainment 360!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Super Speeders are deadly. This technology can slow them down. – Popular Science

    Revolutionary Technology: Taming the Threat of Super Speeders!

    Celebrating Success: Highlights from the Collaborative College for Technology & Leadership Graduation Ceremony

    Philly police unveil strategy to crack down on car meetups utilizing technology – NBC10 Philadelphia

    Philly Police Launch High-Tech Strategy to Tackle Car Meetups!

    Stony Brook Medicine Pioneers Use of AI Technology for Heart Disease Diagnosis on Long Island – SBU News

    Revolutionizing Heart Health: Stony Brook Medicine Leads the Way with AI Technology

    How to Clean Up and Restore Low-Quality Videos with AI Technology – finehomesandliving.com

    How to Clean Up and Restore Low-Quality Videos with AI Technology – finehomesandliving.com

    Opening kids’ eyes to the wonders of Information and Communication Technology at EBU Girls in ICT Day 2025 – EBU tech

    Unleashing Curiosity: Exploring the Magic of Information and Communication Technology at EBU Girls in ICT Day 2025!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Italy says it can cope with expected EU deficit procedure

April 3, 2024
in Business
Italy says it can cope with expected EU deficit procedure
Share on FacebookShare on Twitter

By Giuseppe Fonte

ROME (Reuters) – Italy acknowledged on Wednesday that the European Union was set to invoke its deficit reduction procedure against Rome, but insisted its future spending plans were already sufficient to meet Brussels’ demands.

Giorgia Meloni’s government estimates a deficit-to-GDP ratio this year broadly in line with its 4.3% goal set in September, therefore far above the 3% ceiling set by EU rules.

During a parliamentary hearing, Economy and Finance Minister Giancarlo Giorgetti acknowledged that this meant the EU was likely to invoke its deficit reduction procedure, but said this was also true of other member countries including France.

“It is granted that the European Commission will recommend the Council to open an excessive deficit procedure against us as well as several other countries,” Giorgetti said during a parliamentary hearing. “Us, France and 10 others.”

The infringement procedure will oblige Italy to cut its structural deficit — net of one-off factors and business cycle fluctuations — by a minimum 0.5% of GDP per year.

Giorgetti however said Rome’s current budget plan announced last September and set to be reviewed on April 9 would already be in line with the EU requirements to cut the fiscal gap over time.

“We are not so dumb as to have made a negotiation without knowing what the scenario was that we were going into,” he said.

The latest reform of the bloc’s two-decade-old fiscal rules sets a slow but steady pace of deficit and debt reduction from 2025 over four to seven years, with the longer option available if a country undertakes reforms and investments in areas the EU prioritises.

Being placed under a deficit reduction procedure would temporarily shield Italy from an EU requirement that it reduce its debt by a minimum of 1 percentage point per year. As things stand, the government envisages reducing the debt-to-GDP ratio by just 0.6 percentage points from 2023-2026.

© Reuters. Italy's Minister of Economy and Finance Giancarlo Giorgetti delivers a speech at the G7 High-Level Corporate Governance Roundtable in Niigata on May 11, 2023.     KAZUHIRO NOGI/Pool via REUTERS/ File photo

On the other hand, countries under such a procedure may not be eligible for TPI, a scheme created by the European Central Bank (ECB) to buy government bonds from countries that suffer a market attack.

Outlining plans to keep strained state finances in check, Giorgetti added it would be appropriate for state-controlled companies to keep their liquidity in a current account with Italy’s Treasury.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/italy-says-it-can-cope-with-expected-eu-deficit-procedure-3363277

Tags: businessExpectedItaly
Previous Post

Govt urged to sell farming body Pāmu into private ownership

Next Post

China eases car loan policy for first time since 2018 to boost demand

How ecology, statistics and interdisciplinary collaboration can save species – UCT News

How ecology, statistics and interdisciplinary collaboration can save species – UCT News

May 18, 2025
150,000-year history of Earth’s magnetic field reveals clues about the climate when early humans were spreading out of Africa – Live Science

150,000-year history of Earth’s magnetic field reveals clues about the climate when early humans were spreading out of Africa – Live Science

May 18, 2025
Experimental gene editing helped a desperately ill baby thrive. Scientists say it could someday treat millions – PBS

Revolutionary Gene Editing Gives Hope to Desperate Parents: A Breakthrough for Millions

May 18, 2025
The lifestyle tweaks that gave me a biological age of 20 – at 61! – Daily Mail

How I Reversed My Biological Age to 20 at 61 with Simple Lifestyle Changes!

May 18, 2025
2025 U20 & U23 World Team Trials Wrestling Entries – FloWrestling

2025 U20 & U23 World Team Trials Wrestling Entries – FloWrestling

May 18, 2025
Japan’s economy shrinks more than expected as US tariff hit looms – Reuters

Japan’s Economy Faces Unexpected Contraction Amid Looming US Tariff Threat

May 18, 2025
We won’t get a Game of Thrones show this year: A Knight of the Seven Kingdoms shifts to early 2026 – Entertainment Weekly

Game of Thrones Fans Will Have to Wait: A Knight of the Seven Kingdoms Delayed Until 2026!

May 18, 2025
Apex mayor lead 1,000 men in march for mental health awareness – WRAL.com

Apex mayor lead 1,000 men in march for mental health awareness – WRAL.com

May 18, 2025
Far-right leaders attempting to hijack success of Reform – BBC

Far-Right Leaders Seek to Capitalize on Reform’s Momentum

May 18, 2025
Super Speeders are deadly. This technology can slow them down. – Popular Science

Revolutionary Technology: Taming the Threat of Super Speeders!

May 18, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (617)
  • Economy (630)
  • Entertainment (21,544)
  • General (15,223)
  • Health (9,672)
  • Lifestyle (635)
  • News (22,149)
  • People (634)
  • Politics (638)
  • Science (15,854)
  • Sports (21,140)
  • Technology (15,621)
  • World (620)

Recent News

How ecology, statistics and interdisciplinary collaboration can save species – UCT News

How ecology, statistics and interdisciplinary collaboration can save species – UCT News

May 18, 2025
150,000-year history of Earth’s magnetic field reveals clues about the climate when early humans were spreading out of Africa – Live Science

150,000-year history of Earth’s magnetic field reveals clues about the climate when early humans were spreading out of Africa – Live Science

May 18, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version