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Normale Ansicht

EU Reviewing Italy’s Call to Ease Fiscal Rules as Costs Rise

The European Union is considering Italy’s plea to get more leeway on the bloc’s fiscal rules as the Iran war raises costs for households and businesses.

Valdis Dombrovskis, economy commissioner for the European Union (EU), at the Economic and Financial Affairs Council (ECOFIN) meeting in Brussels, Belgium, on Tuesday, May 5, 2026. Europe will consider all retaliatory options should US President Donald Trump follow through on his threat to raise tariffs on cars and trucks from the European Union to 25%, the bloc’s finance ministers said.
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