EU’s Dombrovskis: Italy’s Govt is basing budget on overly optimistic assumptions

The Vice President of the European Commission Valdis Dombrovskis is out with some strong remarks on the Italian budget.
Key Points:
Italy’s Govt is basing budget on overly optimistic assumptions.
Italy’s hopes of econ stimulus from increased public spending are not materializing.
EU assessing need to open excessive deficit procedure against Italy.
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.

















