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A "worried" eurozone looks at the Italian budget


A "worried" eurozone looks at the Italian budget
AFP / File

Euro-zone finance ministers met in Brussels on Monday, two weeks ago, whose budget was rejected in Italy & # 39; is expected to stand by the European Commission against its populist coalition.

"Everyone is worried," the high-level EU official, who is determined to defend the 2019 budget between the guarantor of the EU's financial rules and the Italian government, but who are cautious against its entirely outside decision. nail.

The Eurogroup will "want to encourage dialogue with the Italians," a diplomatic source says. But at the same time, all the Commission will have the hearts to remember their support hatırla (…) Rules are rules.

On October 23, Brussels rejected the draft Italian draft budget, the first of its history, creating a "clear and clear deviation" from European rules.

The Commission, the League (far right) and the Five Stars Movement (M5S, anti-system) in 2019 have a deficit of 2.4% of gross domestic product (GDP) for the populist in Rome. criticized the coalition far above the predicted by the previous center-left government (0.8%).

Italy will be exposed to an miş overly open procedure durumunda which could otherwise lead to financial sanctions if it is up to November 13th to provide a revised budget. If nothing changes, it promises a European source, it will be "inevitable."

Di The procedure will be started but there will be a stage of dialogue ıla on Monday, responding to Luigi Di Maio, leader of the M5S in the Financial Times. Ide I don't think we will go to financial penalties “.

The Deputy Prime Minister believes that "a significant reduction in public debt with a large budget" and if possible convinced that the Italian "Italian" is possible.

Deputy Prime Minister Matteo Salvini, his supporters on December 8 in Rome, "peaceful," he said "peaceful," he said, "Let's work, live and breathe," he gave support. "Again on his knees in Italy," he said.


The economic and social situation in Italy is worrisome with a unemployment rate of 10.1%, well above the euro zone average (8.1%) and the activity recession in the third quarter. A three-year first, which could lead to results in the war with Brussels, is 0.0%.

The coalition indeed, the International Monetary Fund (IMF) only 1%, and the European Commission – should offer new estimates – the European Commission – has built the 2019 budget to an optimistic growth forecast of 5%. 1.1%.

However, if the growth is weaker than expected, the budget deficit may be even higher.

To make matters worse, the already bored Rome, which was already under a large debt of 2,300 billion euros (131% of its GDP), has downgraded the degree of Moody's debts; perspective, stable to negative.

"The coalition is the test in this show," says Sebastien Maillard, director of the Jacques Delors Institute.

"But I think the League voters + basta! + Italy because it self-isolates," he adds, "especially if the" span (closely guarded gap between rates) German and Italian credit, "decade."

The spread is now around 300 basis points, and around 130 in the first four months of the year.

Italian Central Bank President Ignazio Visco also expressed concern about the consequences of the rise in Italian borrowing rates.

Although Italian banks were considered fragile, the European Banking Authority issued good results during the resistance tests on Friday, when EU banks faced a pessimistic scenario of fiction.

05.01.2018 13:10:57 –
Brussels (AFP) –
© 2018 AFP

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