Italy Seeks More Flexible EU Budget Rules to Avoid Disciplinary Action

Italy lobbying EU partners for more flexible budget rules as bond spreads widen.

Rome concerned Eurostat accounting ruling could increase 2024 deficit, triggering EU disciplinary action.

Italy proposing amendments like investment exemptions to make EU fiscal rules more lenient.

Seeking shield against potential Eurostat revision of how tax credits are accounted for.

Unfavorable Eurostat decision would make hitting EU's 2024 deficit target impossible.