EU to Italy: the accounts are ok, but the deficit needs to be reduced

Allocate any extra budget resources to deficit and debt reduction and prevent any possible budget overruns for 2011 and 2012.
These are the recommendations of the European Commission to Italy, contained in the document approved today in Strasbourg. The EU also invites our country to introduce "binding ceilings" on public spending and improve the monitoring of the public administration. Despite this, the European Union positively evaluates the public accounts consolidation plan prepared by Italy for the period 2011-2014, however inviting the Government to launch, as promised, further measures by next October.
In fact, the country will be able to stimulate growth, create new jobs and relaunch the development of the South only by adopting new ad hoc measures, specifies the Commission, to overcome the "structural weaknesses" of the Italian economy, made even more acute by the recent crisis.