LUXEMBOURG (Reuters) – Italian Finance Minister Giovanni Tria said on Friday that Rome did not need to adopt new fiscal measures to comply with European Union fiscal rules, apparently contradicting the position of EU partners.
“We need to reach a deficit (in 2019) which will also compensate for deviations from the 2018 target. We think we can reach it without legislative changes,” Tria told reporters after a meeting with EU Economics Commissioner Pierre Moscovici.
Many EU officials have asked new measures to reduce Italy’s soaring debt.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.