Italy: Deficit to become one of the highest in eurozone

The European Central Bank (ECB) stated in its economic bulletin on Thursday that Italy will become one of the euro zone countries with the highest deficits in 2021. 

 


“Spain, France, Italy and Slovakia are expected to have the highest deficits, exceeding 7.5%. GDP in 2021.” “Based on the assumption of no change in policy, by 2022, the deficit of the 13 member states of the euro zone will remain above the 3% threshold.” 

 

It added: ”As long as the health emergency persists and recovery is not self-sufficient, temporary measures must be expanded to avoid cliff edge effects.” 

 


But it also said that for Belgium, Greece, Spain, France, Italy and Portugal, the European Commission emphasized that “in view of their government debt levels and the high sustainability challenges in the medium term, it is important to ensure that supportive budget measures are taken to maintain medium-term fiscal Sustainability”.

Leave a Reply

Your email address will not be published.

Covid-19 Portugal Social issues

Covid: Portugal has 90.3 cases per 100K inhabitants

  According to a joint announcement by the General Administration of Health (DGS) and INSA, Portugal has 90.3 SARS-CoV-2 cases per 100,000 inhabitants, and its transmission index (Rt) is 0.84.    As stated by official data, the incidence rate was 79.1 cases per 100,000 inhabitants, and the Rt was 0.80 when analyzed in mainland Portugal […]

Read More
Greece Italy Lifestyle

Is it true that Greeks invented Pizza before Italians?

  Historical evidence shows that the Greeks ate a flat bread called πλακούς (plakous), or “flat” bread, topped with olive oil, herbs, onions, cheese, and garlic, and baked in a tandoor.    Greek pizza adapted by the Romans who naturally adopted the idea of baking speckled bread in the oven after putting the ingredients of […]

Read More
Italy Lifestyle

Sicilian town sells houses for 1 Euro

  The Sicilian town of Troina has recently put many abandoned houses on the market for 1 Euro.    Troina, an ancient city into the heart of the island, can be reached through an extraordinary territory, incredibly rich of valleys, hills and mountains, often quite unknown even by Sicilians.   The city origins refer to […]

Read More