The small changes that Italy’s Government has made to its Budget are unlikely to placate the European Commission. So Italy looks set for greater budget oversight, which could eventually lead to sanctions. But we doubt that even this would make the Government change its plans. Instead, it will be the market that determines whether or not the Government ultimately rows back on its fiscal promises.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.