Italian PM Conte: The threat by the EU commission to sanction Italy is incomprehensible

Haresh Menghani FXStreet

Italian Prime Minister Giuseppe Conte was out on the wires in the last hour saying that we are not seeking special treatment on the EU budget rules and are aiming to lower the structural deficit next year by 0.2%.

Additional quotes:

• Interpretation of the EU budget rules so far has constantly penalized Italy's efforts to boost growth.
• The threat by the EU commission to sanction Italy is incomprehensible.

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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