Brussels

Barroso sees Italy ending excessive-deficit procedure

Commission set to assess situation this month

Barroso sees Italy ending excessive-deficit procedure

Brussels, May 2 - European Commission President Jose' Manuel Barroso said Thursday he was confident Italy's excessive deficit procedure was about to end. The Italian government has forecast the country's deficit-to-gross-domestic-product ratio will be 2.9% this year, taking it below the 3% threshold allowed by the EU. The Commission is set to decide whether to end the procedure later this month. "I'm very confident that Italy will emerge from the excessive-deficit procedure," Barroso said after meeting new Italian Premier Enrico Letta in Brussels.

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