Italy’s Draghi Tells Backers Common Euro Budget Is Priority
- Concept of common bloc budget was born during financial crisis
- Draghi wants more fiscal capacity to stabilize monetary union
Mario Draghi speaks in Rome on Feb. 3.
Photographer: Roberto Monaldo/LaPresse/Bloomberg
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Mario Draghi told lawmakers he’ll make a common euro-area budget a policy priority for Italy if he becomes prime minister this month, in a sign of his ambitions for the incoming administration.
Carlo Calenda, head of the Azione party, and Manfred Schullian, head of the group of unaffiliated lawmakers in the lower house, both told Bloomberg that Draghi had emphasized the push for a common budget in separate meetings in Rome Monday.