In the budget dispute between Brussels and Rome, there is, according to the Italian government an "informal agreement" with the EU Commission. The Commission has not confirmed an agreement. The commissioners would discuss this Wednesday, said a spokeswoman for the Brussels authority.
The agreement is expected to be made this Wednesday to the public, when they'll be rubber-stamped from Brussels, said a spokeswoman for the Finance Ministry in Rome on Tuesday evening. Further Details were not known.
According to the information of Rome, the EU has accepted the Commission of the current draft budget of the country for 2019, with a deficit of 2.04 percent of the gross domestic product (GDP). The first plan was a deficit of 2.4 percent, which had been rejected by the Commission as a violation of EU budget rules. This year, the government deficit is higher in Italy, 1.8 percent of GDP.
Expensive election promises
Italy's Prime Minister, Giuseppe Conte had announced last week after a Meeting with EU Commission President Jean-Claude Juncker that the debt should be for 2019 less than originally planned. The EU Commission had previously rejected Italy's draft budget, because it was not compatible with the stability criteria in the Euro area. Italy is so heavily in debt like no other country in the world. The populist government want to promise expensive choice such as a citizens income and reform of the pension system to implement.More about
dispute with the EU, Italy refused Changes to the controversial budget
If the dispute no solution is found, Italy under the excessive deficit procedure at the end of which penalties amounting to billions of euros could be at risk. (dpa/rtr)