EU praises Italy's commitment to improve economic conditions

The European Union commissioner for the euro said on Friday that commitments made by Italy's finance minister about the country's budget for next year were a move in the right direction.

Italy's Finance Minister Giovanni Tria offered commitments to improve the country's structural deficit and reduce the debt, Valdis Dombrovskis told a news conference.

"This clearly is a commitment that goes into the right direction," he added.