ITALY could be set to back down to European Union pressure by reining in plans for a controversial deficit budget – just one day after refusing to “backtrack by a millimetre”. The Italian government rattled markets and sparked fury from EU officials after announcing proposals to set out a deficit goal of 2.4 percent of GDP for the next three years - three times the previous administration's target.
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Italy 'set to BOW DOWN to EU pressure' over deficit budget after Juncker GREECE comparison
![Italy 'set to BOW DOWN to EU pressure' over deficit budget after Juncker GREECE comparison]()
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03 October
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