Economy Minister Giovanni Tria
said that Italy's 2019 budget plan "does not expose the
financial stability of Italy, nor that of the other countries of
the European Union, to risk" in his response to the European
Commission's letter of reproach over the package.
"In fact, we think that the reinforcement of the Italian
economy is in the interest of the whole European economy," he
wrote.
The Commission has said that Rome's plan to run a deficit of
2.4% of GDP next year is a major deviation from the agreed
targets that could mean it breaks the Stability and Growth Pact.
But Tria said the 5-Star Movement-League government will take
action it is predictions about the impact of the budget are not
true.
"If the deficit-GDP ratio and the debt-GDP ratio do not
evolve in line with the plan, the government commits itself to
intervene, taking all the necessary measures so that the
indicated targets are rigorously respected," he said.
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