Italian Economy Minister Tria is on the wires now, via Reuters, delivering remarks on Italian budget proposal.
Key quotes
- Decided to do a budget that is ‘moderately expansionary’.
- In recent years, France has higher deficit than Italy.
- Spread has no influence on intention of deficit target.
- Italian debt has grown less than France’s in recent years; this ‘should be considered’.
- Hopes yield spreads fall soon when it is understood that 2.4% deficit goal is a ‘maximum ceiling’.
- Discussion with EU commission continues; ‘Italy’s plan are not changing’.
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