The Italian government will stick to its plan to run a markedly higher budget deficite despite concerns from Brussel's and international creditors.
Italy has stuck to its big-spending budget plan, despite demands for changes from the EU and the threat of financial penalties. The move has sparked concerns over Italy's debt, and uncertainty from investors.
Rome is determined to stick to fundamental aspects of its 2019 budget despite pressure from Brussels, according to Italian Economy Minister Giovanni Tria. The EU believes Italy's plans are "overly optimistic" and risky.
The EU's budget chief has called for a row over Italy's draft budget to be resolved calmly. Rome's plans to flout eurozone budget discipline rules pushed Moody's to downgrade the country's credit rating.
Eurozone finance ministers have sided with the European Commission, slamming Italy's resolve to stick to its controversial budget. Brussels has rejected Rome's 2019 fiscal plan and demanded changes.
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