00:04Now, as regards to the procedure, here in Italy is under EDP, for a possible abrogation to occur in 2025,
00:14the budget deficit would have to be below 3%, irrespective of the next.
00:18So irrespective of the national escape clause, that's, let's say, criterion number one, and then criterion number two is that
00:27the forecast for 2026 and 2027 would have to indicate that the budget deficit would remain below 3%, but here
00:36the national escape clause would be taken into account.
00:40Okay, so these are the underlying dynamics that are at play in this context.
00:48Thank you.
Commenti