Italy says it's ready to discuss budget with EU authorities
Tweet
Share
E-mail
FILE PHOTO: Italian Deputy PM Luigi Di Maio speaking during a news conference in Cairo, Egypt August 29, 2018. REUTERS/Mohamed Abd El Ghany/File Photo
ROME (Reuters) - The Italian government is ready to sit and discuss its budget targets with European Union authorities, Deputy Prime Minister Luigi Di Maio said on Monday, restating that the populist coalition had no plan to leave the euro.
Italy has come under fire in Brussels with a plan to lift the budget deficit to 2.4 percent of economic output next year from 1.8 percent in 2018. The EU Commission has labeled Rome's 2019 draft budget an unprecedented breach of EU fiscal rules.
Di Maio told radio RTL 102.5 that Italy would send a letter to the commission explaining its reasons for sticking to the 2.4 percent goal, and that the government was ready to "sit at the table".
(Reporting by Giselda Vagnoni; Editing by Mark Bendeich)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan hiring Bank of America's David Fishman as head of technology M&A, memo says
- US service sector fuels acceleration in business activity, S&P Global says
- Wall St opens higher but weekly losses loom
Create E-mail Alert Related Categories
ETFs, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
