EU's Moscovici comments on budget standoff with Italy
94 views · Published 25 October 2018 · 3:59 · Indexed 20 September 2026
Channel: AP Archive · 2018 · News & Politics
(19 Oct 2018) The EU's budget chief on Friday said that the European Commission won't interfere with Italy's economic policies and called for disagreements over the draft budget to be resolved in "serene dialogue". Following two-days of meetings in Rome, Pierre Moscovici said that the ball is in Italy's court after he delivered a letter outlining the European Commission's concerns with Italy's planned spike in spending. He said the main concerns revolve around the higher deficit, Italy's debt load and the possibility for growth. He said that the 2.4 percent deficit in and of itself was not the key issue. Moscovici told reporters that European partners want to see Italy remain "firmly in the center of Europe," and that Italians themselves consider the euro currency "very important." Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/be402ba00d460fb4698e54b0533e89f0
