Di Maio says Italy shares Brussels' view debt must fall

By Kitco News / November 21, 2018 / www.kitco.com / Article Link

ROME, Nov 21 (Reuters) - Deputy Prime Minister Luigi Di Maio said on Wednesday the government shared the European Commission’s belief that Italy must cut its public debt, and intended to convince Brussels that the only way to do so was by supporting economic growth.

“We and (the Commission) want the same thing: to reduce the debt,” Di Maio said on Facebook after the EU executive launched a disciplinary procedure against Italy over its expansionary 2019 budget which increases borrowing.

“The EU will understand that, to achieve that goal we have chosen the only method that works: helping families and companies, creating new opportunities and jobs for young people,” Di Maio said.

Reporting By Gavin Jones, editing by Giulia Segreti

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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