EU’s Moscovici: Will try and convince Italy on the budget rules

Haresh Menghani FXStreet

The overall picture is that the world and the European economy is quite solid, said the European Affairs Minister Pierre Moscovici this Thursday.

Additional quotes:

• Believes that Europe requires long-lasting reform.
• On Italian budget specifics, cites have not rejected the Italian budget yet.
• In the interest of Italy to reduce its debt.
• Will try to convince Italy on the budget rules.
• The true problem in Italy is how to lift productivity.
• The situation in Greece is getting better, but first, we need to know the primary surplus in Greece.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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