Economy minister Tria says Italy plans to cut budget deficit starting in 2020, earlier than previously said, after clash with EU
- Latest: Economy minister says deficit will fall in 2020 and 2021
- Introduction: Italian cabinet to discuss budget today
- Italy’s government bonds are recovering
- Euro and Italian shares are rallying
Just in: Matteo Salvini, the head of the right-wing League party, has insisted that his government is sticking to its target of a 2.4% budget deficit next year.
No mention of 2020 or 2021, though…..
SALVINI SAYS ITALY GOVT WON’T BUDGE ON 2019 DEFICIT GOAL: ANSA
*SALVINI SAYS #ITALY GDP TO RISE AT LEAST 1.5% IN 2019: ANSA
*SALVINI SAYS ITALY GOVT WON’T BUDGE ON 2019 DEFICIT GOAL: ANSA
Italy’s stock market is still sharply higher today, on relief that Rome might be backing away from a major clash with Brussels.
The FTSE MIB is up 1.3%, led by banking stocks such as Unicredit (+1.4%), and Intesa Sanpaulo (+1.85%).