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Giampaolo Galli calls for a very tight budget plan to leave EU oversight

Economist Giampaolo Galli says the government would need a very restrictive budget measure to exit the EU’s monitoring procedures. He also says abolishing the stamp duty would be difficult to finance through EU fiscal flexibility.

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What is happening

Galli, scientific director of the Observatory on Public Accounts, made the statements in an interview reported by la Repubblica.

Why is it on the Radar?

The comments concern the government’s budget choices, EU fiscal oversight and the feasibility of financing the proposed abolition of the stamp duty.

Sources and timeline