Valdis Dombrovskis says Italy exit from EU deficit plan still possible

Valdis Dombrovskis: Valdis Dombrovskis serves as the European Commission's Commissioner for Economy and Productivity as well as Implementation and Simplification. He coordinates economic policies among EU member states and oversees consistent enforcement of fiscal rules under the Stability and Growth Pact. In the reported development, he indicated that Italy's exit from the EU excessive deficit procedure remains possible based on potential data revisions. Fiscal Rules: The EU's Stability and Growth Pact includes procedures allowing member states to exit excessive deficit status once deficits stabilize sustainably below key thresholds with positive projections ahead.