Italy this week unveiled an ambitious Structural Budget Plan – “Piano Strutturale di Bilancio (PSB)”, aimed at tackling its long-standing debt challenge while stabilising public finances. Although the plan aims to steer Italy out of the European Union’s Excessive Deficit Procedure (EDP) by 2026, some economists are warning that the aggressive fiscal consolidation it proposes could harm growth, potentially pushing the country into recession. Presenting the plan, Economy Minister Giancarlo Giorgetti laid out ambitious targets to reduce the deficit, sustain public investment, and lower Italy’s to…