- From -1.3% prior
- 2013 budget deficit heading above 3% of GDP but will adopt measures needed to meet 3% ceiling.
PM Letta says that more difficult public accounts picture has been caused by higher bond yields and political instability.
An unnamed official has also said that the finance ministry may try to seek an extension to 2014
One – nil to the Littlestone who put this on his “Crock of Shit list” back in June
- 13/06/2013 “Italy will respect 2.9% deficit target for 2013″
Shocked by the drop in growth forecasts old telfon goes up 28 pips from 1.3520 to 1.3548.
