Italy still vulnerable on deficit, debt and growth says EC

Italy remains vulnerable on its
budget deficit, public debt and growth potential, the European
Commission said in the conclusions of its in-depth analyses
within the framework of its procedure for the country's
macroeconomic imbalances Tuesday.

   
"Italy continues to be faced with the vulnerabilities linked to
an elevated public debt, combined with consistent budget
deficits and weak growth of productivity in a context of labour
market fragility and some residual weaknesses in the financial
sector," it said.

   

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