Economics
Italy May Propose 2% Deficit Target in European Union Talks
- Premier will present new fiscal targets to Juncker in Brussels
- Conte, other ministers are ‘positive’ going in, official says
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Italy’s populist government may propose a 2 percent fiscal target for next year to the European Union, a sign that weeks of clashes between Rome and Brussels over the country’s spending plans could be winding down.
Prime Minister Giuseppe Conte will present the new numbers to EU Commission President Jean-Claude Juncker in Brussels on Wednesday evening, according to a spokesperson for Conte’s office. The proposal to the EU was discussed at a meeting between the premier and the key ministers working on the budget.