Brussels

Italy must hit budget targets even if IMU scrapped says EC

Berlusconi says property-tax abolition essential to back govt

Italy must hit budget targets even if IMU scrapped says EC

Brussels, April 30 - The new Italian government must still hit its EU-mandated budget targets if it scraps a property tax called IMU, the European Commission said Tuesday. Asked if Brussels would accept the abolition of the tax, as demanded by ex-premier Silvio Berlusconi as a condition for supporting Enrico Letta's government, an EC spokesman said: "Italy's budget targets do not change and the new government will have to say how it plans to meet them without incurring new debt".

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