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Italy cabinet official hopes for EU deficit/GDP deal between 2.0-2.2 percent

Published 12/12/2018, 10:57 AM
Updated 12/12/2018, 11:00 AM
© Reuters. Italian PM Conte poses with EU Commission President Juncker in Brussels

ROME (Reuters) - Italy hopes it can reach a deal with the European Commission over its disputed 2019 budget by agreeing to a deficit of between 2.0-2.2 percent of gross domestic product, cabinet undersecretary Giancarlo Giorgetti said on Wednesday.

Prime Minister Giuseppe Conte has flown to Brussels for talks on the draft budget, which originally proposed a deficit of 2.4 percent of GDP, and which the Commission has rejected.

Giorgetti, who is a senior figure in the ruling coalition's League party, said Conte was not going to present an offer but would rather put forward the latest budget calculations.

© Reuters. Italian PM Conte poses with EU Commission President Juncker in Brussels

"I hope we can close on 2.0, 2.1, 2.2 and I hope there is no (EU) disciplinary action," he told reporters.

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