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Italy budget unable to boost long-term growth: paper citing EU document

Italy budget unable to boost long-term growth: paper citing EU document© Reuters. European Union and Italian flags are seen in downtown Rome

MILAN (Reuters) – Italy’s budget does not contain measures able to boost growth and makes Italy a “risk of contagion” for the rest of the euro zone, Italian daily La Repubblica said on Thursday, citing an EU Commission document.

The newspaper cited the commission’s Country Report, due to be approved on Wednesday, as saying the Italian budget would have negative effects on economic growth, deficit and debt.

“There are no measures capable of positively impacting on long-term growth,” the paper cited the document as saying.

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Source: Investing.com

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