European Economic Affairs
Commissioner Pierre Moscovici said Monday he did not want to
"jump to conclusions" on the Italian budget bill and he was
"hoping and believing that we will get an answer" from Italy by
a November 13 deadline on revising a contested package.
Moscovici said the budget was "not good for the Italian
people".
He said this was because it increases debt whose refinancing
already costs 65 billion euros a year, and "in the end it's
always the poor that pay".
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