Italy faces significant penalties, starting from at least one billion euros every six months from 2024, for non-compliance with the Stability Pact's fiscal rules, as it currently operates under a corrective arm due to an excessive deficit of approximately 7.4% of GDP in 2023, while potential sanctions could trigger institutional confrontations with Brussels if effective corrective actions are not implemented. #StabilityPact #ItalyEconomy #EURegulations #IT #EU
