Italy's Tria: Spread has no influence on intention of deficit target

Eren Sengezer FXStreet

Italian Economy Minister Tria is on the wires now, via Reuters, delivering remarks on Italian budget proposal.

Key quotes

Decided to do a budget that is ‘moderately expansionary’.
In recent years, France has higher deficit than Italy.
Spread has no influence on intention of deficit target.
Italian debt has grown less than France's in recent years; this ‘should be considered’.
Hopes yield spreads fall soon when it is understood that 2.4% deficit goal is a ‘maximum ceiling’.
Discussion with EU commission continues; ‘Italy's plan are not changing’.

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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