Italy’s energy-imports costs to double to €100 billion – Reuters ...News

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Italy’s energy-imports costs to double to €100 billion – Reuters
source : Russia Today ( News ) () 35
The dramatic surge amounts to nearly 3% of the Italian economy The cost of energy imports into Italy are expected to double to €100 billion, Reuters reports on Saturday, citing the country’s Economy Minister Daniele Franco. Rome cannot keep spending indefinitely to cushion the blow on the economy, the minister warned, speaking at the annual Ambrosetti business forum. He added that Italy’s high debt reduces its room for maneuver, going forward. According to Franco, the increase of nearly €60 billion, compared to Italy’s net energy-imports cost of €43 billion recorded last year, will amount to roughly 3% of the coun

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