Govt to use escape clause for extra energy and defence spending - Giorgetti

(ANSA) - ROME, AUG 5 - Economy Minister Giancarlo Giorgetti announced Wednesday that the government will request to use the national escape clauses under which EU allows greater budget leeway for investments in defence and energy. "We will ask for the maximum for energy security, 0.6% (of GDP). For defence, however, we will stop at 0.9%," Giorgetti said in the Lower House. The original escape clause, brought in last year following Russia's invasion of Ukraine in 2022, gave member States the o...

By ANSA