+------------------------------------------------------------------------------+
Italy May Cut EU-Project Co-Financing to Save EU12b: Repubblica 2014-07-19 11:35:56.552 GMT
By Chiara Vasarri July 19 (Bloomberg) -- Italy govt may reduce contributions to projects it currently co-funds with the European Union by about 50% to save ~EU10b-12b, la Repubblica reports, without citing anyone. * PM Renzi’s aide Graziano Delrio has discussed this option with regional governors: Repubblica * Italy would have greater flexibility on deficit margins without having to pass budget adjustment measures: Repubblica * NOTE: Separately, EU Commissioner for Regional Policy Johannes Hahn tells Repubblica in interview that right now Italy cannot remove investments from deficit calculations * NOTE yday: Bank of Italy Cuts 2014 Growth Forecast Citing Sluggish Recovery
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Chiara Vasarri in Rome at +39-06-4520-6325 or cvasarri@bloomberg.net To contact the editors responsible for this story: Jerrold Colten at +39-02-8064-4261 or jcolten@bloomberg.net James Cone, Chris Reiter