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”.

Featured Analysis

Learn Forex Trading