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SEP 05, 2013 - Yahoo! News

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Italy finances slipping as political crisis brews

By Gavin Jones and Luca Trogni ROME (Reuters) - Italy, which three months ago got off the European Union's blacklist of countries with excessive fiscal deficits, may be put straight back on it next year unless it can reverse a worrying trend in its public finances. Enrico Letta's government has been forced to respect the tax cutting promises of Silvio Berlusconi's People of Freedom Party (PDL), a vital part of the ruling coalition, while a deeper than expected recession is also weighing on state accounts. ...

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