Economics

Italy Says No ‘Plan B’ as EU Demands Unprecedented Budget Revision

Conte says Italy won’t accept substantial changes to budget
EU rejects budget of member state for first time ever

Conte insists his government has no “Plan B” to change its budget.Source: Bloomberg

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By John Follain, Alessandra Migliaccio, and Jonathan Stearns

October 23, 2018 at 12:27 PM UTC

Updated on

October 23, 2018 at 2:28 PM UTC

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Italian Prime Minister Giuseppe Conte insisted his government has no “Plan B” for its budget as the European Union demanded unprecedented changes to bring the country into line with spending rules.