Meloni Seeks EU Budget Leeway for Energy Costs Under Safeguard Clause
Updated
Updated · Bloomberg · May 18
Meloni Seeks EU Budget Leeway for Energy Costs Under Safeguard Clause
4 articles · Updated · Bloomberg · May 18
Giorgia Meloni asked the European Commission to allow more flexibility in EU budget rules for measures addressing rising energy costs.
A letter to Commission President Ursula von der Leyen said Italy wants investments and extraordinary energy-crisis measures included under the national safeguard clause.
The request would give Rome wider fiscal room to fund energy support while staying within the EU's budget framework.
As Italy's debt crisis deepens, will the EU bend its budget rules, setting a risky precedent for the entire bloc?
Is Italy's plea for energy spending a smart investment in 'good debt' or just a fast track to fiscal ruin?