UPDATE 1 — Italy exit from EU budget procedure at risk due to deficit increase, central bank warns
Exit from EDP is a key goal of Italy's economy minister Deficit hike reflects Italy's use of EU escape clause EU needs to be convinced that consolidation is lasting (Adds details, background throughout) By Giuseppe Fonte ROME, Oct 12 (Reuters) — Italy's plan to run a budget deficit above 3% of GDP both in 2027 and 2028