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Italy asks EU to weigh inflation in budget goals
Italy has asked the European Union to take inflation into account when setting its budget targets, arguing that high prices change the real weight of deficit and debt commitments. The request touches the EU's fiscal rules debate, where member states have been pushing for more flexibility on deficit and debt paths amid elevated inflation and rising borrowing costs. Details of Brussels' response are not yet known.
Why now: Italy's request feeds into the live EU debate over reforming fiscal rules in an inflationary environment.
Evidence
- Italy asks EU to weigh inflation in budget goals · CatalystPit
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