Germany supports EU's demand on Italian budget: government spokesman

By Kitco News / October 24, 2018 / www.kitco.com / Article Link

BERLIN (Reuters) - Germany supports the European Commission’s demand that Italy improve its budget draft, German government spokesman Steffen Seibert said on Wednesday.

The European Commission had rejected Italy’s draft 2019 budget on Tuesday, saying it brazenly broke EU rules on public spending, and asked Rome to submit a new one within three weeks or face disciplinary action.

“The European Commission emphasized, and we support this a lot, that this is a cooperative process, and the Commission expressed that it was expecting a constructive dialogue with Italy and we welcome this cooperative, constructive dialogue very much,” Seibert said in a regular news conference.

Reporting by Riham Alkousaa, Editing by Tassilo Hummel

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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