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Budget talks b/w Italy and EU not an "exchange of concessions": PM Conte


Devdiscourse News Desk Italy
Updated: 01-11-2018 13:06 IST
Budget talks b/w Italy and EU not an "exchange of concessions": PM Conte

Conte defended the government's 2019 deficit target of 2.4 per cent of GDP, despite a rejection by the European Commission, which says the deficit is too high and has called on Rome to re-write its fiscal plans.

Dialogue between Italy and the European Commission over the country's budget plans will not be an "exchange of concessions", Prime Minister Giuseppe Conte told Corriere della Sera in an interview published on Thursday.

Conte defended the government's 2019 deficit target of 2.4 per cent of GDP, despite a rejection by the European Commission, which says the deficit is too high and has called on Rome to re-write its fiscal plans.

He also said it was "unreasonable and profoundly unfair" to blame the current government for weak Italian economic data published this week, adding that the impact of the new government's reforms would only be visible from 2019.

(With inputs from agencies.)

COUNTRY : Italy

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