Italy's budget plan shows the deficit dipping below the EU threshold next year before drifting back up in 2027, with Rome seeking extra borrowing room and raising its growth foreca
Italy's budget plan shows the deficit dipping below the EU threshold next year before drifting back up in 2027, with Rome seeking extra borrowing room and raising its growth forecast even as debt keeps climbing. The spread on Italian bonds against German debt has continued to widen, suggesting markets are pricing in that later fiscal slippage rather than the near-term consolidation. Attention is also turning to the ECB leadership question, where Italy has put forward no candidate and is calling for clarity, adding a political layer to an already cautious mood.
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