Italy’s Deputy PM Di Maio: Govt is ready to sit at the table and discuss with EU authorities

Dhwani Mehta FXStreet

The Italian Deputy PM Di Maio is on the wires now, via Reuters, noting that his government will send a letter to the European Commission to clarify the reasons of 2019 deficit target at 2.4% of GDP.

Di Maio added that the govt is ready to sit at the table and discuss with the EU authorities. Further, he reiterated that the Govt has no intention to leave the Euro.

The Govt looks at the bond yield spread with attention, Di Maio noted.

Meanwhile, reports hit the wires earlier today, citing that Italy expects the EU to reject the budget on Tuesday, as the budget deficit of 2.4% of GDP clearly violates the EU fiscal rules.

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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