Italian Minister Giorgetti Optimistic on Energy Shock Waiver

Giorgetti says optimistic on getting energy shock waiver

(ANSA) - ROME, MAY 21 - Economy Minister Giancarlo Giorgetti said Thursday he was optimistic on Italy obtaining a waiver from the EU's Stability and Growth Pact's strict fiscal rules to address the energy shock stemming from the Iran war. Italy is pressing to get permission to breach the Pact's 3% deficit-to-GDP limit not just for defence spending but also to mitigate the spike in fuel and energy prices caused by the Israeli-American war on Tehran. The European Commission has said it is consi...

By ANSA