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Italy’s finance minister Giovanni Tria, addressing the parliament commission over budget, stated that the budget was aimed at answering the citizens’ concerns.

Key points:

   “¢   Unacceptable economic growth gap with the EU as a whole.  
   “¢   The low-growth in Italy did not facilitate a debt to GDP cut.
   “¢   The government wants to ensure it significantly reduces debt to GDP.
   “¢   Declining global trade may be detrimental to Italian growth..
   “¢    Notes a high risk of a decline in the global macroeconomic backdrop.