ROME — Italy is ready to use an EU-devised accounting trick to help boost its defense budget by €12 billion, or $14 billion, as it tries to meet tough new NATO spending targets. The plan devised in Brussels last year allows EU member states to exempt defense spending when they calculate annual deficit spending, allowing them to raise defense budgets without breaking EU deficit rules. The EU normally requires member states to keep their budget deficit below 3% of GDP or face infraction

Tag-uri: Italia