Italy considering activating safeguard clause for energy - Treasury

Italia

Premier Giorgia Meloni's government is considering activating the safeguard clause to exempt some energy investments from calculations for the EU's budget rules after it successfully lobbied for a waiver for such spending from the Stability and Growth Pact, like with defence expenditure, Treasury Director General Riccardo Barbieri Hermitte said on Wednesday.     Barbieri Hermitte added that such a move might enable Italy to emerge from its excessive-deficit infringement procedure for having a

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