Italy's lower deficit goal: a politically useful fudge
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ROME (Reuters) - Italy's surprise decision to sharply cut its budget deficit goal does little to solve the problems of its finances and a conflict over EU fiscal rules, but may serve the real purpose of easing market pressure and playing for time.Prime Minister Giuseppe Conte told the European Commission on Wednesday he was lowering next year's target to 2.04 percent of gross domestic product from 2.4 percent to avoid disciplinary action by Brussels. Rome has yet to detail how it will achieve..