Italy to leave EU ‘crisis list’ after cutting deficit

EU sources indicated on 27 May 2013 that Italy will be among several countries to be taken out of an Excessive Deficit Procedure (EDP) when the European Commission delivers its verdict on national reform programmes (NRPs) and budget plans on 29 May 2013.

Italy's budget deficit is predicted to fall to 2.9 percent in 2013 before falling to 2.5 percent in 2014 and the country once regarded as too big to fail in the eurozone is no longer top of the commission's at risk list.

• Primary Source

ESO: Background Information: Italy coalition: Thousands rally in Rome against cuts http://www.europeansources.info/record/italy-coalition-thousands-rally-in-rome-against-cuts/

Il Sole 24ore, 25.05.13: No Shortcuts From Europe http://www.ilsole24ore.com/art/english-version/2013-05-28/shortcuts-from-europe-055049.shtml?uuid=AbJwBtzH

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