Economics
Italy Leaders Whipsaw Markets With Vows of Defiance, Reassurance
- Salvini says new budget will ‘touch’ 3 percent threshold...
- ...as Di Maio holds firm on plan for citizens income, flat tax
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Italy’s populist leaders brushed off their finance minister’s attempts to reassure investors, insisting voters’ needs must come before European spending constraints.
Next year’s budget will see the deficit almost double to “touch” the European Union’s 3 percent deficit ceiling, Deputy Prime Minister Matteo Salvini said Sunday at an event in northern Italy. The government will “try to respect all the hurdles Europe imposes, but the well-being of Italian citizens comes first,” he said.