January 21, 2021

Centeno trusts that there is a budget agreement between Rome and Brussels

Centeno trusts that there is a budget agreement between Rome and Brussels


"That is what I hope," Centeno detailed in an interview with Reuters, referring to a possible agreement between Rome and Brussels.

Italy has informed the European Commission on Monday that it would go ahead with its budget plan for 2019 even though it is not in line with the rules of the Stability and Growth Pact. However, Rome has promised not to expand the structural deficit during the next few years.

Centeno stressed that the response of the Italian government, following the letter of warning sent by Brussels in which he urged to rectify the budget draft, has been "constructive", although at first Brussels detailed that the breaches did not have " precedents ".

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