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EU Allows Italy to Spend €14 Billion Over Three Years to Tackle Energy Price Hikes

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The European Commission has accepted Italy's request for "expanded budgetary flexibility" to address the energy crisis. Prime Minister Giorgia Meloni announced that this will allow Italy to spend €14 billion (approximately NT$511 billion) over the next three years to mitigate the impact of rising energy prices. The EU also issued warnings regarding Italy's tax evasion issues and poverty rates.

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