Italy's Tria May Quit Over Budget, Central Banker Warns on Debt
- Finance minister ‘embittered’ after talks, newspaper reports
- Government’s 2.4% budget target rattled financial markets
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Italian Finance Minister Giovanni Tria was “embittered” by the budget discussions and may quit after the package is approved later this year, newspaper Il Messaggero reported without saying where it obtained the information.
The rancorous talks resulted in a budget deficit target of 2.4 percent of output for 2019 rather than the 1.6 percent Tria had reportedly been seeking. Five Star Movement leader Luigi Di Maio and League leader Matteo Salvini insisted that Tria had to raise the target.