Italy says that there is no plan B in spending despite the alarm of the EU


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ROME – The Italian Deputy Prime Minister has promised to continue spending plans after the European Commission has expressed "serious concern" at what it has called a "significant gap" with the previous goals.

Luigi Di Maio, five-star leader, said on Saturday "that there is no plan B" to move the deficit to 2.4% of annual gross domestic product l & # 39; next year.

Vice President of the European Commission Valdis Dombrovskis and Commissioner for the Economy Pierre Moscovici on Friday wrote a joint letter to the Minister of Economy Giovanni Tria, "taking note" of the projects, which have not yet been officially communicated to Brussels.

They pledged to hold a "constructive dialogue" to make sure that the third economy of the euro area complies with the EU's fiscal rules.

Italy's spending plans aim to meet the election promises of a basic income for job seekers, tax cuts and pension reform.

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