Budget correction needed - Dombrovskis

'There is some margin' says EC VP

(ANSA) - Rome, November 5 - A "considerable" correction is needed to the 2019 Italian budget bill, European Commission Vice President for the euro Valdis Dombrovskis said Monday.
    "The EU is engaged in a discussion with Italy and hopes to reach a constructive result, there is some margin, but it should be noted that the Italian budget deviates considerably form the rules, and therefore a considerable correction is needed," he told Bloomberg TV.
    The EC has told Italy to present an amended budget package by mid-month, saying the current plan had an "unprecedented" deviation because of its 2.4% deficit-to-GDP ratio.
   

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