Italy’s Meloni wins lower house backing for borrowing after vote slip up

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Reuters UK

By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy’s government on Friday won the backing of the lower house Chamber of deputies for additional borrowing, after a first attempt resulted in a major setback for nationalist Prime Minister Giorgia Meloni. The government’s request to marginally raise this year’s budget deficit to 4.5% of gross domestic product (GDP) from 4.4% under current trends was eventually approved by 221 votes to 116. In a surprising defeat on Thursday, the right-wing coalition had failed to secure the 201 votes needed to approve the extra borrowing, with almost 50 of…

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