The Italian government will stick to its plan to run a markedly higher budget deficite despite concerns from Brussel's and international creditors.
Italy's populist government is determined to stand by its plans to raise its already high deficit despite a formal warning from the EU. Rome has, however, promised to keep an eye on its sizable debt pile.
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.
The European Commission has for the first time ever rejected the budget of a member state, as it said the spending plans of Italy's populist government were violating the bloc's debt limit and needed revision.
Italy's populist government has spooked Brussels with an ambitious draft budget after vowing to end austerity. DW's Bernd Riegert explains how the country plans to have its cake and eat it.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version