These appeals for more fiscal room come ahead of national elections scheduled for next year. EU officials have not yet indicated whether they will grant the leeway to the two member states to help them support public finances.
Tuesday, October 20, 2026
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Italy and Greece Request EU Deficit Relief to Offset Inflation
Global Markets18 days ago
The eurozone's most heavily indebted governments are pursuing greater spending flexibility from Brussels to manage rising public costs. Italy is specifically requesting deficit leeway worth 0.6% of GDP for the 2027 budget, while both it and Greece face intensifying strain from soaring fuel prices and inflation.
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