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Politicians Divided Over Italian Economic Data

by Ulrika Lomas, for LawAndTax-News.com, Brussels

04 April 2006

Economic data released in Italy at the weekend, ahead of the forthcoming elections is, unsurprisingly, being interpreted very differently by the government and the opposition.

On Saturday, Economy Minister Giulio Tremonti revealed that the country's GDP is likely to grow by 1.3% this year, less than his earlier 1.5% estimate.

He additionally revealed that the deficit for 2006 is expected to be 3.8%, and stated that this was in line with targets set for the Republic by European finance ministers last year, despite the fact that it is higher than the 3.5% deficit predicted by the Italian authorities in December 2005.

The figures have been welcomed by members of the governing coalition, according to reports.

However, opposition leader and former European Commission President, Romano Prodi has slammed the government for failing to meet its own targets.

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Tags: Italy | Italy

 






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