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Budget dispute: compromise between Italy and the EU

Italy has agreed, apparently, in the budget dispute with the EU. This Rom is likely to have benefited from it, that France also intends to issue new debt.

After the first messages about a possible agreement in the budget dispute between Italy and the EU-Commission, the office of the Italian Prime Minister has sent a reminder to be more careful restraint. Still nothing was decided, it was said, the EU Commission had to agree to the compromise proposal.

Advertise for the compromise

Premature jubilation can bring the informal agreement still to Burst, the fear of the Prime Minister, Giuseppe Conte. With the backing of his two deputies, the Italian head of government in the past few days, had campaigned behind the Scenes for a compromise in the budget dispute. Accordingly, the debt of Italy is to be in the coming year, now at 2.04 percent of the gross domestic product.

The Italian economic and Finance Minister Giovanni Tria confirmed according to "La Repubblica" of the agreement.

Originally 2.4 percent were provided, which had been rejected by the EU Commission because of the extremely high government debt in Italy as a violation of the Euro stability criteria.

The new government in Rome had made clear from the beginning that she is not to any substantial Changes to their plans ready. The basic income for the poor and the lowering of the pensionable age to come, in any case, it was said again and again.

laws come into force later

to All appearances, has set Rome now with this line. The proposed laws will only occur a little later, it is said, whereby the state would be spending to fall slightly in the coming year. For more Details on the compromise, however, was not yet known.

The negotiating position of Italy had improved in the past few days, after the President of France, Emmanuel Macron, the "yellow West"movement had made in his country significant concessions. If the French are likely to increase their borrowing by more than three percent, can Brussels, the Italians have a lower deficit hardly deny, the speculations of the past few days.

Italy is making in the budget dispute, the concessions, 12.12.2018 Italy is negotiating a reduction of the budget deficit, 03.12.2018 budget dispute with the EU: Italy moves 04.12.2018 Atlas |Italy |Rome

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