The recent widening of the
Italian-German bond spread does not reflect the solidity of the
Italian economy, Economy Minister Giovanni Tria said on a trip
to China Tuesday.
"The current spread does not reflect the fundamentals and the
solidity of Italy," he said.
"I recall that Italy has had a primary surplus for 20 years.
"I believe that the (widening) is also due to a phase of
uncertainty typical of the summer period.
"But in its general lines respect for the public finance
rules has already been defined".
Respecting the EU's 3% budget
deficit to GDP ratio has been criticised even by those who
invented it "but it is very different from saying we'll surpass
it," Economy Minister Giovanni Tria said on a mission to China
Tuesday.
Tria was answering a question on Industry Minister Luigi Di
Maio's statement that the parameter could be breached to fund a
minimum wage.
Tria also said that in his talks with the EU "I don't see
major conflicts within my competence".
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