Home Italy’s Tria: Many EU countries have broken EU fiscal rules
FXStreet News

Italy’s Tria: Many EU countries have broken EU fiscal rules

Additional remarks from Italy’s Finance Minister Giovanni Tria continue to cross the wires.

Key quotes (via Reuters)

  • Many EU countries have broken EU fiscal rules but agreement has always been reached.
  • Sharp deficit reduction at this points in the economic cycle would be ‘suicide’.
  • Doesn’t take for granted there will be an excessive deficit procedure against Italy.    

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.