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European Commission warns Italy it must act to cut national debt

EU’s stability and growth pact requires governments to work to bring their debt levels below 60 per cent of GDP.

Pierre Moscovici, the EU’s economy commissioner, said that Italy’s debt is “set to decline slightly to 130.7 per cent in 2018 and 129.7 per cent in 2019” based on a “no policy change” scenario.

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