Italy cuts 2015 deficit goal to win EU approval for budget

(Reuters) - Italy on Tuesday cut its target for the 2015 fiscal deficit to 2.6 percent of gross domestic product from 2.9 percent, having toughened its budget plan for next year in response to changes requested by the European Commission.

Italians evade 91 billion euros of taxes per year, economy minister says

(Reuters) - Tax evasion in Italy costs the country around 91 billion euros ($114.75 billion) every year, equal to about six percent of national output, the economy ministry said on Wednesday.