Renzi rules out rising taxes, cutting pensions

There were repeated media reports in the summer 2014 that the government will need to pass a mini-budget to hold the deficit inside European Union limits after the economy unexpectedly slipped back into recession.

Italian Prime Minister Matteo Renzi denied on the 21 August 2014 that the government planned to raise taxes, cut pensions or adopt corrective measures to rein in the budget deficit in 2014.