Italy’s Bagnai: Will implement more expansive policies, increase deficit if international growth deteriorates

Italy’s Head of Senate Finance Committee Bagnai is on the wires now, via Reuters, commenting on the measures that will be introduced to spur economic growth.

Key Points:

Italy will implement more expansive policies, increase deficit if international growth deteriorates.

It would be difficult for European Commission to sanction Italy if Rome raises deficit to manage economic slowdown.