Di Maio Says Italy Won’t Move a ‘Millimeter’ on Spending Plans
- Deputy premier says budget plan to go to Parliament Wednesday
- Italian assets and euro under pressure amid tensions with EU
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Italy will hold firm on targets laid out in its 2019 budget plan despite the skepticism of fellow euro-area governments, Deputy Prime Minister Luigi Di Maio said.
“A 2.4 percent deficit has been tolerated in the past, but this time we are not using it to save banks and oil businessmen but to help people to retire, to find jobs and to lower taxes,” Di Maio said at an event in Rome Tuesday.