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Italy Signals It Won’t Budge on Budget Plans in Clash With EU

  • Deputy Premier Di Maio says government will stick to promises
  • Populists pressured by European Commission, internal tension
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Bloomberg Economics Sees Italian Economy Growing 0.5% in 2019
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Italy signaled it would not bow to pressure from the European Union to water down its budget for next year, with Deputy Prime Minister Luigi Di Maio dismissing the prospect of sanctions as unlikely.

Speaking to the Foreign Press Association in Rome, Di Maio of the anti-establishment Five Star Movement said he was open to dialogue but made no hint of concessions. The populist government is preparing to reply to the European Commission by next Tuesday’s deadline.