Italy’s Tria: Many EU countries have broken EU fiscal rules

Additional remarks from Italy's Finance Minister Giovanni Tria continue to cross the wires.

Key quotes (via Reuters)

  • Many EU countries have broken EU fiscal rules but agreement has always been reached.
  • Sharp deficit reduction at this points in the economic cycle would be ‘suicide’.
  • Doesn’t take for granted there will be an excessive deficit procedure against Italy.  

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.