Italy’s League Economics Chief: Party’s budget plan would raise public deficit target to 2.8% of GDP

Italy’s daily news outlet cites the latest comments from the Italian League Economics Chief, as he says that Party’s budget plan would raise public deficit target to 2.8% of GDP to avoid VAT increase.

The above comments have little impact on the EUR trades, as the EUR/USD pair clings to the 1.12 handle following a fresh leg lower seen in early dealings.