Salvini Reins In Ambition as He Seeks to Calm Markets
- Spread between Italian and German 10-year bonds narrows
- Austria’s Loeger says EU must also ensure Italy cuts its debt
This article is for subscribers only.
Deputy Premier Matteo Salvini headed into budget talks with his Italian government colleagues on Wednesday striking a more cautious tone over spending plans that have roiled markets over the past week.
Salvini has been dialing back his rhetoric since his weekend threat to push the deficit to its European Union limit of 3 percent of gross domestic product. The government is working on a three-year time frame and won’t do everything immediately, he told financial daily Il Sole 24 Ore.