Italy 'set to BOW DOWN to EU pressure' over deficit budget after Juncker GREECE comparison

ITALY could be set to back down to European Union pressure by reining in plans for a controversial deficit budget – just one day after refusing to “backtrack by a millimetre”. The Italian government rattled markets and sparked fury from EU officials after announcing proposals to set out a deficit goal of 2.4 percent of GDP for the next three years - three times the previous administration's target.

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