Italy to stick to euro budget rules

Italy’s economy minister is expected to prevent Italy’s 2016 budget deficit from rising above 1.6 percent of the country’s gross domestic product (GDP), an Italian newspaper reported Monday.

Economy Minister Giovanni Tria is due to meet Prime Minister Giuseppe Conte and joint Deputy Prime Ministers Luigi Di Maio and Matteo Salvini on Monday to discuss the country’s 2019 budget — its spending plans and growth targets.

Italy is due to present a draft version of its 2019 budget to the European Commission for approval shortly.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam