Sections

No plan B, no budget change - Conte

Not gamblers, growth is best way out of debt trap says PM

Redazione Ansa

(ANSA) - Rome, October 23 - 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.
   

Leggi l'articolo completo su ANSA.it