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Dialogue between Italy and EU over budget plans will not be an exchange of concessions : PM Conte

Milan. Dialogue between Italy and the European Commission over the country’s budget plans will not be an “exchange of concessions”, Prime Minister Giuseppe Conte told Corriere della Sera in an interview published on Thursday.

Conte defended the government’s 2019 deficit target of 2.4 percent of GDP, despite a rejection by the European Commission.

Conte says the deficit is too high and has called on Rome to re-write its fiscal plans as reported by Reuters.

He also said it was “unreasonable and profoundly unfair” to blame the current government for weak Italian economic data published this week, adding that the impact of the new government’s reforms would only be visible from 2019.

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