Premier Giuseppe Conte said
Tuesday ahead of an expected European rejection of the 2019
budget plan that "there is no plan B."
Taking to Bloomberg, he said "I have said that the deficit at
2.4% of GDP is the ceiling. I can say that this will be our
ceiling".
Asked if there might be substantive change to the budget
after the EC's No, Conte said "for me that would be difficult, I
couldn't accept it".
Conte added that "we are not gamblers gambling our children's
future on the roulette wheel" and stressed that "economic growth
is the best way to get out of the debt trap".
He added: "I can assure you that this executive will not take
Italy out of Europe. We feel at home in Europe and think the
euro is and will be our currency, the currency of my son who is
11 and that of my grandchildren".
Conte also said that the government would conduct a spending
review if necessary.
"We are ready to make spending cuts in 2019," he said.
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