Italy’s budget will certainly be a hot topic in the summit of Eurozone finance minister meeting in Brussels today. It comes at time time after European Commission rejected the country’s 2019 budget, with deficit target at 2.4% of GDP. The Commission demand Italy to revise the plan by November 13, But Prime Minister Giuseppe Conte insisted there is no “Plan B” for the program and indicated no intention to comply with EU’s demand.
Italian Deputy Prime Minister Luigi Di Maio, leader of the 5 Star Movement, said over the weekend that the coalition government “will not cede an inch” on the budget. He also hailed that their own plan will become a “recipe” for reviving European growth.
