Rome

Confindustria heralds EC's budget flexibility move

'After all the sacrifice, we deserve it' says Squinzi

Confindustria heralds EC's budget flexibility move

(see related) Rome, July 3 - The head of Italy's industrialists' confederation heralded the European Commission's decision to allow more budget flexibility for countries like Italy keeping the deficit below the European Union's ceiling of 3% of GDP in order to boost growth. "It's good news," said Giorgio Squinzi, president of Confindustria. "I believe as a country, as Italians, with all the sacrifices we've made in this recent period, we amply deserve it".

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