EU's Juncker: Italy is moving in "unsound direction"

Eren Sengezer FXStreet

In an interview with Politico's Florian Eder, European Commission President Jean-Claude Juncker argued that Italy is running risks of being stuck in an excessive deficit procedure for years. "Italy is moving in unsound direction, has flexibility under EU budget rules," Juncker said.

Regarding Brexit, Juncker reiterated that the new Brexit deal won't be renegotiated and added that the new PM must respect the Withdrawal Agreement.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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