EU Commission relaxes debt and spending limits for energy investments amid economic slowdown (euobserver.com)

• ECB expects higher inflation and lower growth than March projections
• EU Commission relaxes deficit limits for energy investments by 0.3% of GDP annually
• Italy has spent €1bn on fuel subsidies since March

"The European Commission last week decided to relax debt and spending limits for energy-related investments by member states. Critics view this as a concession to Italy's Prime Minister Giorgia Meloni, who pushed for higher deficits. The author argues that the relaxation is economically sound because underinvesting in clean energy will raise debt levels later. Italy has spent around €1bn on fuel subsidies since March."