Italy slams EU budget rules as senseless

Italy's Critique of EU Fiscal Rules: Italy's economy minister criticized the EU's fiscal rules as outdated and unfair, arguing for more flexibility to increase defense spending without financial penalties, especially in light of security threats from Russia.

Call for Joint EU Defense Funding: Giorgetti proposed that the EU should borrow jointly to fund military spending, suggesting this would distribute the financial burden among member states, though such a plan faces opposition from fiscally conservative countries like Germany and the Netherlands.