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Renzi’s risky budget strategy

Bordignon, Massimo, (2015), “Renzi’s risky budget strategy “, Bruegel publications, 21 October

The Italian government intends to postpone the fiscal adjustment decided last year in accordance with European authorities, and to increase instead the budget deficit in 2016 by about 0,8 GDP points, from an estimated 1,4% to 2,2% (or even to 2,4%, depending on whether the Commission will grant some extra budget flexibility to cope with the refugee crisis).

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