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

Eren Sengezer FXStreet

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.

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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