The Italian government is confident it can reach a compromise with Brussels and ...
ROME - The Italian government is confident it can reach a compromise with Brussels and avoid sanctions over its deteriorating public finances, the economy minister said as talk of a looming government crisis grew.
In his response to Brussels, Economy Minister Giovanni Tria blamed an economic downturn for the rising debt and vowed to respect the EU’s fiscal rules in the next budget. “Italy does not want to clash with the European Commission, and I hope the opposite is also true, that is to say that no one in Brussels intends to engage in a fight with us,” he said.
Tria is a former academic with no affiliation to either of the two ruling parties governing Italy - the right-wing League and the anti-establishment 5-Star Movement, which are both backing tax cuts that would likely inflate the deficit. The EU Commission declined to comment on Sunday, saying it would publish its views on Italy’s public finances on Wednesday.
“If they do not respect the rules at all, it will be necessary for the European Commission and the European states to take their responsibilities. Europe is also a co-ownership, there are rules that everyone must respect,” he said on FranceInter radio, when asked about Italy.Rome recorded public debt of 132.2% of gross domestic
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