Italy given till March to progress budget deficit cuts
(AGI) Brussels, Dec 8 - Italy, France and Belgium have beengiven an extra three months to make progress on reducing theirbudget deficit and debt, Eurogroup chief Jeroen Dijsselbloemsaid after a 2015 draft budget meeting on Monday. This willgive the countries more time to adopt additional measures tocomply with the terms of the Stability and Growth Pact. Italywill be required to improve its structural deficit by 0.5percent in 2015, higher than the latest European Commissionassessment of 0.1 percent. The Eurogroup statement said that onthis basis, efficacious measures would be needed to improve
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