EC to likely say Italy needs monitoring

After macroeconomic imbalances report

Fonta:Ansa Brussels, March 4 - Sources said Friday the European Commission's final assessment of macroeconomic imbalances out Tuesday will likely say Italy needs monitoring, but no corrective action. The Commission's country-by-country macroeconomic imbalances report out February 26 pointed to Italy's high public debt, scarce business competitiveness, and the abolition of a residence tax as negative factors. Market liberalization measures being approved by parliament "still will not eliminate significant obstacles to competition in key sectors such as retail sales, professional services, local public services, and transportation," the report said. "Doing business in Italy is significantly harder than in other large EU economies, with modest progress made in the past few years," according to the report.

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