Italy is increasingly hopeful the EU will relax fiscal rules to allow members to increase military spending, as US President Donald Trump piles pressure on the bloc to pay more for its own security.
“The political stance in Europe is moving,” Giancarlo Giorgetti, the Italian finance minister, told the Financial Times. “You have to consider this exceptional situation — these are not usual times.”
Ursula von der Leyen, the European Commission president, earlier this week floated the idea of temporarily pausing the bloc’s deficit and debt rules at a summit of EU leaders, as one of several options to encourage more defence investment.
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