Italy's Budget Needs to Offer Credibility, Eurogroup Chief Says
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Italy’s government needs to present a budget plan that offers a credible outlook on how the nation will tackle its high debt burden, Eurogroup President Mario Centeno said.
“We need credibility in the numbers, we need credibility in the strategy. We need credibility into the future,” Centeno, who is also Portugal’s finance minister, said on Tuesday in an interview with Bloomberg in Brussels. “The Italian government claims that it’s going to make sure that the debt-to-GDP ratio comes down significantly in the coming years.”