Italy needs to cut 2.5-3 bn euros to clear 2019 budget with EU

18 Dec, 2018

Italy has sent an amended version of the disputed budget to Brussels and a spokeswoman for Economy Minister Giovanni Tria said on Monday he was working to reach a deal later in the day.

According to the daily, Tria had told EU Commission Vice-President Valdis Dombrovskis in a phone call that Deputy Prime Ministers Matteo Salvini and Luigi Di Maio opposed further cuts because they did not want next year's deficit target to fall below the revised level of 2.04 percent.

Copyright Reuters, 2018

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