Live Comments Italian PM Conte: No exchange of concession with EU on budget talks

    Italian PM Conte: No exchange of concession with EU on budget talks

    Italian Prime Minister Giuseppe Conte warned in a newspaper interview that it’s “unreasonable and profoundly unfair” to blame the current government for weak economic data. He referred to GDP data released on Tuesday which showed 0% growth in Q3. Also, Conte emphasized that budget talk with EU will not be an “exchange of concession”. He insist on sticking to the deficit target of 2.4% of GDP in 2019 despite EU rejection.

    Indeed, Conte also said earlier this week that the weak economic performance is the reason for the “expansionary budget”. This was echoed by Deputy Prime Minister Matto Salvini who said “the slowing GDP is another reason to go full steam ahead with the budget.”

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