EU’s Dombrovskis: Have reached a deal on Italy’s budget; no excessive deficit procedure for Italy
The European Commission vice president, Valdis Dombrovskis, addressing the press conference on Italy budget talks, confirmed that the Commission has reached a deal with Italy on budget.
• The deal has been reached on 2019 budget with Italy.
• Allows avoiding excessive deficit procedure.
• However, says that solution on Italy budget is not ideal.
• Disciplinary steps can be avoided provided Italy fully implements agreed measures.