Brussels

EU objection raised to Italian plan to pay overdue bills

EU sources say hinders closure of deficit case against Italy

EU objection raised to Italian plan to pay overdue bills

Brussels, March 25 - If the Italian public administration unblocks payment of some 40 billion euros overdue to its suppliers, European proceedings against Italy for excessive deficit will be more difficult to close, European Union sources said on Monday. Italy's outgoing technical government has said unblocking the payments - a maneuver proposed for much-needed economic stimulus in the recession-hit country - would raise Italy's 2013 budget deficit to 2.9%.

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