Premier Giorgia Meloni’s government insisted Italy can still bring its deficit down to below the European Union’s ceiling this year, even if the economy performs worse than forecast.
Premier Giorgia Meloni’s government insisted Italy can still bring its deficit down to below the European Union’s ceiling this year, even if the economy performs worse than forecast.
Giancarlo Giorgetti, Italy's finance minister, at a Eurogroup meeting in Brussels, Belgium, on Monday, March 9, 2026. The French government said the possibility of releasing strategic oil reserves would be discussed at a virtual meeting of Group of Seven finance ministers Monday.
Premier Giorgia Meloni’s government insisted Italy can still bring its deficit down to below the European Union’s ceiling this year, even if the economy performs worse than forecast.
Premier Giorgia Meloni’s government insisted Italy can still bring its deficit down to below the European Union’s ceiling this year, even if the economy performs worse than forecast.
Giancarlo Giorgetti, Italy's finance minister, at a Eurogroup meeting in Brussels, Belgium, on Monday, March 9, 2026. The French government said the possibility of releasing strategic oil reserves would be discussed at a virtual meeting of Group of Seven finance ministers Monday.
Italy’s government expects the country’s budget deficit to fall below the European Union limit this year despite a downward revision of its growth forecast due to the Iran war, according to people familiar with the matter.
Italy’s government expects the country’s budget deficit to fall below the European Union limit this year despite a downward revision of its growth forecast due to the Iran war, according to people familiar with the matter.
Pedestrians at St. Angel castle in Rome, Italy, on Sunday, Dec. 14, 2025. “We want an Italy that is loyal to its partners but is subject to nobody,” Italian prime minister Giorgia Meloni said in wide-ranging remarks at the Atreju party event in Rome on Sunday.
Italy’s government expects the country’s budget deficit to fall below the European Union limit this year despite a downward revision of its growth forecast due to the Iran war, according to people familiar with the matter.
Italy’s government expects the country’s budget deficit to fall below the European Union limit this year despite a downward revision of its growth forecast due to the Iran war, according to people familiar with the matter.
Pedestrians at St. Angel castle in Rome, Italy, on Sunday, Dec. 14, 2025. “We want an Italy that is loyal to its partners but is subject to nobody,” Italian prime minister Giorgia Meloni said in wide-ranging remarks at the Atreju party event in Rome on Sunday.
Ongoing conflicts and global geopolitical tensions are threatening the future of the world’s developing countries, according to European Central Bank Governing Council member Fabio Panetta.
Ongoing conflicts and global geopolitical tensions are threatening the future of the world’s developing countries, according to European Central Bank Governing Council member Fabio Panetta.
Fabio Panetta, governor of the Bank of Italy, speaks during the World Savings Day conference in Rome, Italy, on Tuesday, Oct. 28, 2025. Panetta warned that his country’s banks face risks stemming from a fragile global backdrop and potential abrupt market movements.
Ongoing conflicts and global geopolitical tensions are threatening the future of the world’s developing countries, according to European Central Bank Governing Council member Fabio Panetta.
Ongoing conflicts and global geopolitical tensions are threatening the future of the world’s developing countries, according to European Central Bank Governing Council member Fabio Panetta.
Fabio Panetta, governor of the Bank of Italy, speaks during the World Savings Day conference in Rome, Italy, on Tuesday, Oct. 28, 2025. Panetta warned that his country’s banks face risks stemming from a fragile global backdrop and potential abrupt market movements.
The European Union should consider pausing rules limiting deficits if the crisis in the Middle East persists, according to Finance Minister Giancarlo Giorgetti.
The European Union should consider pausing rules limiting deficits if the crisis in the Middle East persists, according to Finance Minister Giancarlo Giorgetti.
Giancarlo Giorgetti, left, and Valdis Dombrovskis.
The European Union should consider pausing rules limiting deficits if the crisis in the Middle East persists, according to Finance Minister Giancarlo Giorgetti.
The European Union should consider pausing rules limiting deficits if the crisis in the Middle East persists, according to Finance Minister Giancarlo Giorgetti.
Giancarlo Giorgetti, left, and Valdis Dombrovskis.
The Bank of Italy lowered the country’s economic growth forecast for this year and next due to the impact of the US war on Iran.
Pedestrians walk past the Banca D'Italia, Italy's central bank, in Rome, Italy, on Sunday, May 5, 2013. Italian banks' corporate loan book will worsen this year as the euro region's third-biggest economy remains mired in its longest recession in two decades, according to the nation's central bank. Photographer: Alessia Pierdomenico
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
A worker inspects a pressure gauge during routine maintenance at the combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy, on Tuesday, Jan. 13, 2026. European gas has come down substantially from the energy crisis peak while Brent crude futures slumped 18% last year.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
A worker inspects a pressure gauge during routine maintenance at the combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy, on Tuesday, Jan. 13, 2026. European gas has come down substantially from the energy crisis peak while Brent crude futures slumped 18% last year.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
A worker inspects a pressure gauge during routine maintenance at the combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy, on Tuesday, Jan. 13, 2026. European gas has come down substantially from the energy crisis peak while Brent crude futures slumped 18% last year.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
Fabio Panetta, governor of the Bank of Italy, during a news conference in Florence, Italy, on Thursday, Oct. 30, 2025. The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the economy continuing to grow. Photographer: Alessia Pierdomenico/Bloomberg
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
Fabio Panetta, governor of the Bank of Italy, during a news conference in Florence, Italy, on Thursday, Oct. 30, 2025. The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the economy continuing to grow. Photographer: Alessia Pierdomenico/Bloomberg
The Italian government’s aid to businesses and families aimed at protecting them from higher prices caused by the US war in Iran won’t damage the country’s fiscal position, Economy Minister Giancarlo Giorgetti said.
The Italian government’s aid to businesses and families aimed at protecting them from higher prices caused by the US war in Iran won’t damage the country’s fiscal position, Economy Minister Giancarlo Giorgetti said.
Lights switched on in a residential home next to an electricity pylon in Turin, Italy, on Thursday, Nov. 27, 2025. Europe’s energy firms did much better than expected in the third quarter, as stronger refining margins offset the impact of subdued oil prices, though the outlook going into 2026 remains uncertain.
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