Italian Economy Minister Tria is on the wires now, via Reuters, as he responds on Italy’s budget to the European Commission’s concerns.
Key Headlines:
Italy doesn’t intend to raise structural deficit after 2019.
There was a constructive dialogue on the budget; the decision was hard but necessary.
Italy’s place is in Europe and the Euro area.
Committed to reducing structural deficit in the direction starting from 2022.
To bring back structural deficit towards medium-term objective if GDP speeds up.
Italy will go off the path of structural deficit adjustment in 2019.
But does not intend to further expand deficit in the 2020-2021 period.
Government is ready to intervene so that objectives are respected.
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