HomeLive CommentsItaly PM Conte pledges to eliminate the gap in growth between Italy...

Italy PM Conte pledges to eliminate the gap in growth between Italy and the EU

Confidence votes on the new Italian government is set to take place in the upper house today and the lower tomorrow. New Prime Minister Giuseppe Conte addressed the upper house today and expressed he’s proud of the “radical change”, referring to the anti-establishment coalition.

Conte also pledged to reduce public debt, but by growth of the economy, not through austerity. The government’s objective is to eliminate the gap in growth between Italy and the EU and he emphasized that must be followed in a framework of financial stability and the trust of markets. He added that Italian debt is fully sustainable today but reduction must still be pursued.

Conte pledged to put an end to the immigration business which has grown out of control. This echoed comment by Interior Minister Matteo Salvini, head of eurosceptic right-wing league that Italy “can’t be transformed into a refugee camp”.

ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Learn Forex Trading