The formation of the Italian government is still not perfectly round, but the European Commission reiterates some of the earlier warnings for the country. Even though there is a euro-sceptic government, however, should that ‘a reasonable budgetary politics’, says vice-president and commissioner for the Euro Valdis Dombrovskis in an interview with the German Handelsblatt.
The coalition between the populist Vijfsterrenbeweging of Luigi Di Maio, and the far-right Lega Nord Matteo Salvini has Monday a new prime minister nominated. The 54-year-old Guiseppe Conte, a lawyer and political newcomer, is expected to provide a eurosceptisch policy will perform.
The European Commission is concerned that Italy is not so closely with the European budgetary rules in the stability and growth pact. “The Commission joins in principle, not in the national politics of the member states’, explains Dombrovskis. “But for us it is important that the new Italian government, a responsible fiscal policy.’
He recalls that in Greece after Italy, the highest debt ratio in the euro area. But in the coalition agreement of the Vijfsterrenbeweging and the Lega are different measures of the budget deficit and the debt could intensify. “We can only but advise to stay the course in terms of economic and financial policies, the growth with reforms and the budget deficit under control,” says Dombrovskis.
Lega-leader Salvini had already understood that he is the European ‘interference’ with the Italian politics but I can appreciate it.