Italy does not recover from the financial perspective

Italy does not come back his budget plan presented by the government l & # 39; EU last week. The statement gives the government its response to the European Commission's criticism of the 2019 plan, according to Bloomberg News and Reuters.

In his response, Finance Minister Giovanni Tria said the government was aware that the plan was not "in line with the applicable standards" of the EU Stability Pact, while specifying that the draft budget would not compromise the financial stability of the EU or Italy.

Giovanni Tria writes that He now wants constructive talks on the subject with EU representatives, repeating that the government decides to reduce Italy's structural budget deficit in the long run.

The government must make "difficult but necessary decisions" to spur growth, said the finance minister, who also said the government is ready to act if the economic forecasts on which the budget is based are not in line.

Monday morning by car A lightning raid on Italian interest rates and on Milan Børs, with the banking sector in the foreground. However, something has fallen even though the Milan market is still trading at 0.9%.