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Budgettvist between the EU and Italy resolved

AFP News agency said at noon on Wednesday in a short telegram that the commission has agreed with Rome on the 2019 year Italian national budget.

on Tuesday night, a spokesperson for the Italian ministry of finance that the commission, after a lengthy höstbråk between Brussels and Rome, orally agreed at the last Italian budget, writes the news site Euractiv.

said in a brief comment late on Tuesday that he felt ”great satisfaction in the results achieved”, however, without mentioning the EU-commission.

the prime minister, Giuseppe Conte's office was more cautious. A source of Euractiv pointed out that although there were expectations of a positive outcome but so far only received verbal assurances from the commission. A deal was expected to not be formally completed until the EUROPEAN commission had their meeting on Wednesday.

On the EUROPEAN commission confirmed a spokesperson to the Italian budget would be taken up at Wednesday's meeting but would not provide more details.

has shaken the markets. The new populistregeringen consisting of Femstjärnerörelsen and La Lega added in October presented an expansionary budget for 2019. The commission found that it broke with the Italian-based plan to achieve sustainable deficit and surnade.

The Italian debt is the second largest in Europe after Greece. In essence, the EU-the page of concern about the euro area's stability is threatened.

In the first version would the budget deficit to be 2.4% of GDP, a marked rise from the 1.8 per cent for the year 2018. Rome's defense to pull on the spenderbyxorna was that the country needs expansionary policies to pull in the time it seized the economy.

a clear violation of the EU fiscal framework. The Italian government, mainly led by Matteo Salvini, said, initially with a verbal attack on the EU, but eventually calmed down and presented in the last week, a revised budget, with the deficit landing at 2.04 percent. At the same time, are written the expected rate of growth next year down from 1.5 (which the EU considers unrealistic) to 1 per cent.

EU officials have previously said that the commission wants the budget friseras further, but in Euractivs sources in Rome, Brussels has now accepted the latest approach.

Read also: Italy may have to pay high fines

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