Budget doesn't expose EU to risks - Tria

(ANSA) - Rome, October 22 - 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.