European Commission and Italy to reach informal budget deal

9db4abaa7b1b148c8ea3e01e53b76af9 - European Commission and Italy to reach informal budget deal

The Italian government and the European Commission have an informal agreement was reached on the budget by 2019. Therefore, the Commission would refrain from infringement proceedings due to excessive debt, against Italy, to commence, reports news agency ANSA.

“After intense negotiations, we have found a solution to 2019, as announced by vice-president Valdis Dombrovskis, the European Commission on Wednesday to. The solution, he says, is ‘not ideal’, but the compromise avoids for the time being, the opening of a procedure for excessive deficit.

Rome and Brussels would be Tuesday night already an informal agreement, so notify non-EU sources to the Italian news agency. The Italian prime minister Giuseppe Conte is Wednesday afternoon in the Italian senate is expected to agree to explain.

The European Commission had the targets of Rome previously rejected. The government of Conte wanted the budget deficit initially to the 2.4 percent rise to any election to be able to perform, such as a basic income for the unemployed and a pension reform. The European Commission has approved the conceptbegroting, a unique measure. According to the Commission, which plans the national debt of 131% further increase.

A week ago, Italy, however, there is still the deficit to reduce to 2,04%, by about 10 billion euros in additional measures to take. “This shows that the Commission is not the enemy of the Italian people, and that they are not a bureaucratic machine that savings imposes and the democracy ignores,” jurisdiction of the commissioner, Pierre Moscovici.

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