Italy asks EU to flexibility after quake

Italy asks EU to flexibility after quake

World August 28, 2016 10:57

rome - The Italian government has asked the European Union to deal flexibly with the budgetary rules so that the country can invest in include reconstruction after the devastating earthquake last week. Certainly 290 people were killed.

The reconstruction of the affected area will likely take years and cost billions of euros. There's more, more than fifty percent of the homes do not meet the safety requirements. The cost to all quake-resistant buildings could reach 36 billion euros.

States may derogate from European fiscal rules in the event of natural disasters. The government in Rome would also bend the rules, however, to create buildings that are still standing are resistant to future earthquakes.,, The point is not to spend any money, '' said Deputy Minister of Economy Enrico Zanetti in an interview with daily La Stampa.
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