Analysis: Letta plays safe with solid but unambitious Italian budget

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By Gavin Jones ROME (Reuters) - Italy's 2014 budget plays by the European Union rules, but seems designed more to offend nobody than to give the euro zone's most chronically sluggish economy a decisive boost. Prime Minister Enrico Letta largely avoided unfunded tax cuts in the budget, which his cabinet approved late on Tuesday, meaning the deficit should stay within the EU ceiling set at 3 percent of economic output. ...