Italy´s PM Conte: Proud of budget, seeks EU dialogue 'without prejudice'

Dhwani Mehta FXStreet

Italian Prime Minister (PM) Giuseppe Conte was on the wires earlier today, via Reuters, addressing the parliament ahead of EU meeting on the Italian budget.

Key Headlines:

The government was proud of its expansionary 2019 budget.

To seek to explain its strategy to the European Commission in a dialogue “without prejudice.”

“We are convinced that austerity is a path that can no longer be followed.”

The budget was founded on the need to boost investments, which had been lacking in Italy in recent years,

Italy’s membership of the EU was “unrenounceable.”

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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