Italy tells EU it WILL stick to budget plans – DENIES proposals ‘will risk EU stability’

ITALY has responded to a warning shot from the European Commission regarding its controversial budget plans, with the Treasury insisting it will stick to spending proposals. However, Treasury officials vowed to intervene if it failed to meet its debt and deficit goals, while admitting that the budget was not in line with EU rules. Daily Express :: Finance Feed

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India rupee forecast: US economy ‘will slow SHARPLY next year – causing rupee to PLUMMET’

THE India rupee could be set for a further fall against the dollar if the US economy slows sharply and sparks a plummet in stock markets, according to a market economist. It has been a turbulent year for the Indian currency, which has been squeezed by soaring interest rates in the US and sky-high oil prices. Daily Express :: Finance Feed

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India rupee crisis ‘WILL get WORSE before better – and it will happen within six months’

INDIA could be braced to see its financial troubles deepen, with the rupee languishing even further before stabilising against the US dollar, according to an economic analyst. The rupee has been crippled by soaring oil prices and higher interest rates, with the crisis-hit currency losing around 15 percent of its value versus the American tender this year. Daily Express :: Finance Feed

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