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Italy Declines New EU Defense Spending Escape Hatch as Energy Costs Take Priority
Rome is passing on an EU mechanism that could have unlocked roughly €12 billion in extra defense spending, choosing instead to focus on energy bills, inflation, and fiscal credibility ahead of elections.
Key Takeaways
- Italy will not use the EU’s National Escape Clause for extra defense spending.
- The government says energy costs, inflation, and fiscal credibility are higher priorities.
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