What Happened
European Commission Approves Italy's Request For Budget Flexibility
The European Commission has positively assessed Italy’s request to use the national escape clause, allowing for additional budgetary flexibility for investments in defence and energy. The request, submitted on September 11, was approved due to the Commission’s assessment that activating this provision would not threaten Italy’s medium-term fiscal sustainability. The matter will now be referred to the Council of the EU for final approval, as reported by ANSA English.