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Austrian FinMin Loeger: Italy is taking the EU hostage by breaching budget rules

Dhwani Mehta FXStreet

Reuters reports comments from the Austrian Finance Minister Loeger, as he speaks about the Italian budget woes.

Loeger said that Italy is taking the EU hostage, adding that breaching budget rules would open door to other countries to do the same.

Earlier today, Italy´s newspaper, La Repubblica, reported that the Italian government is likely to tell the European Union (EU) that is going forward with the budget plan.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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Austrian FinMin Loeger: Italy is taking the EU hostage by breaching budget rules

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