Economics
Italy's Tria Faces Off Against Opposition Lawmakers on Plans
- Finance minister, central bank official to address hearings
- EU officials have said the spending plan breaks fiscal rules
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Italian Finance Minister Giovanni Tria will defend his government’s fiscal targets in parliament, with opposition lawmakers set to grill him on a plan that’s spooked both the European Union and financial markets -- and that he had resisted.
Tria’s hearing will be the first in a series on Tuesday, with speakers also due from the Bank of Italy, the national statistics institute and the audit court. Some of those have already been critical of the decision to borrow more, and Tria himself reportedly pressed for a tighter deficit before giving ground.