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10/18/2018, 7:01 PM (Source: TeleTrader)
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Italian budget talks constructive, Tria, Moscovici say

There is no discrimination against Italy, but Rome must prioritize debt reduction, European Commissioner for Economic and Financial Affairs Pierre Moscovici (pictured right) stated on Thursday after his meeting with Italy's Finance Minister Giovanni Tria (pictured left). He added that the issue with the budget draft was "more structural deficit than headline deficit."

Meanwhile, Tria expressed hope there is room to narrow differences between Rome and Brussels, highlighting that Italy wants to increase economic growth in oreder to decrease the debt-to-GDP ratio.

Earlier, Moscovici delivered the European Commissions letter on Italy's budget proposal, with the bloc calling it a "significant deviation" from the rules of the European Union.

Breaking the News / BM