The Italian government, which forecasts a deficit of 2.4% in 2019, while its predecessors had predicted 0.8%, assures that there will be no Italexit. The public debt of the third largest economy in the euro area amounts to 131% of its GDP.
The head of the Italian government, Giuseppe Conte, reaffirmed Monday the European commitment of his country, despite strong disagreements with the European Commission which considers its budget out of the nails.
"Read well on my lips: for Italy, there is no chance of Italexit, out of Europe or eurozone," said Conte in English during a meeting with the foreign press in Rome, echoing the message already hammered on Saturday by his two populist vice-premiers, Luigi Di Maio and Matteo Salvini.
New measures to reduce debt
Italy's populist coalition, however, announced on Monday that it kept its budget forecasts unchanged but pledged to adhere strictly to the objectives it set for itself, without further widening the deficit or debt, in a letter to Brussels.
"The figure of 2.4% (public deficit in 2019, Ed) for us is a ceiling that we have solemnly committed to respect (...). It is possible that we do not reach it, but it is We certainly will not go beyond it, "Italian Council President Giuseppe Conte said at a press conference in front of the foreign press.
In a country with a debt of 131% of GDP, the government also assures that if the debt does not fall as expected, new measures will be taken to "make it happen".
0 comments:
Post a Comment