Economy minister says 'slight' budget deviation won't last
Italy on course for 3.1% deficit - economic blueprint20 September, 13:47
"It is important that this slight slippage is corrected quickly because it is carefully monitored from Europe," said Saccomanni, shortly after his government confirmed that the latest budget data suggests Italy is on course to register a 3.1% deficit-to-GDP ratio for this year.
The maximum level set by the European Union is 3%.
"You have to give the impression that this is a slight deviation...to stifle tension on financial markets," he added.
On Thursday, European Commission sources warned that Italy will need to take what could be painful corrective budget measures if the government's updated economic blueprint forecasted a deficit-to-GDP ratio above the 3% threshold.