Italy Seeks EU Budget Flexibility for Energy Inflation
Prime Minister Giorgia Meloni announced that Italy will press European Union authorities for budget rule flexibility to address soaring energy inflation. The government plans to utilize available escape clauses to lower business energy costs ahead of upcoming elections.
Italy will seek additional flexibility in European Union budget rules to offset soaring energy costs, Prime Minister Giorgia Meloni said on Wednesday. The country's annual inflation rate jumped to 4.1% in September from 3.2% in August amid rising living costs. Meloni plans to press European authorities during October meetings to factor inflation into permitted deficit calculations.
