Italy's Giorgetti: Won't rule out over-3% deficit - ANSA

Eren Sengezer FXStreet

Italian news outlet ANSA reported that in an interview with Sky TG24, Italy's Cabinet Secretary Giancarlo Giorgetti on Monday said he could not "rule out" the 2019 budget breaking the EU's 3% to GDP rule, which is the threshold for receiving funds for infrastructure maintenance and construction programme.

"I'm not ruling anything out. Let's hope (public works) will be judged in a different way by the EU," Giorgetti further added, as reported by ANSA.

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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