Italy's Tria sees welfare savings of 3-4 bln euro in 2020-FT

Italy's public account could benefit from 3 to 4 billion euro ($3.4-$4.5 billion) of lower than expected uptake of welfare measures next year, finance minister Giovanni Tria was reported as saying in an interview with the Financial Times. The European Union looks increasingly likely to impose disciplinary procedures on Italy over the management of its huge public debt. Tria is expected to discuss later in the day how to avoid the EU infringement with Prime Minister Giuseppe Conte and the leaders of the ruling coalition.