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'I don't have to make concessions' Italian PM's stern warning to EU in budget row CLASH

November 7, 2018 8:01 PM
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ITALIAN Prime Minister Giuseppe Conte launched a scathing attack against the European Union claiming he will make no concession to Brussels over his government's 2019 budget plan.

The EU's Economic Commissioner Pierre Moscovici said Rome must realise it cannot break the bloc's fiscal rules, which it is in breach of with its bumper spending plan.

Brussels is concerned Rome's budget proposals would increase Italy’s public debt burden due to the planned boost in spending.

The bloc demanded Rome comes up with a revised budget, but Italy has continued to insist it must increase its deficit to 2.4 percent, which breaks EU fiscal rules designed to protect the Eurozone.

Commissioner Mr Moscovici said: “I want a dialogue, but sanctions can be finally applied if we cannot reach an agreement.

Also read: EU CRISIS: Italy DEFIES Brussels over budget spending plans

Source: express.co.uk

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