Italy left's likely new leader sceptical on EU budget cap


  • World
  • Wednesday, 04 Dec 2013

ROME (Reuters) - The likely new leader of Italy's left on Tuesday called European Union budget deficit limits outdated and said he would not feel compelled "to follow Europe if it's in the hands of bureaucrats".

Florence mayor Matteo Renzi, the candidate set to win a Sunday primary to lead the Democratic Party (PD), replied "absolutely" when asked in a TV interview if an EU deficit ceiling of 3 percent of gross domestic product should be re-negotiated.

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