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Italy and the EU agree on the budget dispute

After a week-long tug-of-war have Italy and the EU-Commission in their dispute over the budget plans of the Italian government for the year 2019. The EU Commission announced in Brussels on Wednesday, confirming reports in the Italian media. The original draft budget of the government in Rome, Brussels, was rejected in October on the grounds that it violates the EU's budget rules.

Commission Vice-President Valdis Dombrovskis said that "intensive negotiations over the past few weeks" would have led to a "solution for 2019". This was not "ideal", but avoid, "excessive deficit procedure open at this stage". In the face of a looming deficit procedure, the Italian government had on Monday announced cuts in their budgets for the coming year.

The borrowing would be in order at 2.04 of the gross domestic product - instead of 2.4 percent as originally planned. Economic growth to 2019 is forecast therefore with a 1.0 percent instead of 1.5 percent.

Rome wants another two billion

Italian media reports that will open Rome, through further privatisation of two billion Euro. In addition, a number of tax reductions up to scrutiny and, where necessary and new revenue to tap into. The government in Rome wanted to Fund with your budget, among other things, a basic social security, tax breaks as well as a lower retirement age. The new debt would be three times as high as that of the previous government. (afp)

Created: 19.12.2018, 12:52 PM

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