Italy prepares to negotiate terms of fiscal adjustment ahead of EU elections
Officials estimate it will take until at least 2026 to get the country's budget deficit below the EU’s 3% limit.
Italy, officially the Italian Republic, is a country in Southern and Western Europe. It is located on a peninsula that extends into the middle of the Mediterranean Sea, with the Alps on its northern land border, as well as several islands, notably Sicily and Sardinia. Italy shares its borders with France, Switzerland, Austria, Slovenia and two enclaves: Vatican City and San Marino. Its territory also includes Campione and the Pelagie Islands. It is the tenth-largest country by land area in the European continent, covering an area of 301,340 km2 (116,350 sq mi), and the third-most populous member state of the European Union, with a population of nearly 60 million. Its capital and largest city is Rome.
Officials estimate it will take until at least 2026 to get the country's budget deficit below the EU’s 3% limit.
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