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ROME | Italy approves final budget draft yet vows dialogue with EU

ROME— Italy’s government vowed Saturday to engage in constructive talks with the European Union as it still gave final approval to a rule-busting budget and brushed off a ratings downgrade triggered by its higher-than-expected deficit targets.

Premier Giuseppe Contesaid the budget plan was definitively approved by all forces at an emergency cabinet meeting Saturday that was called to respond to…

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#busting budget #constructive talks #European Commission #Government #midday monday #nicole winfield #Premier Giuseppe Conte #revised plans #stable outlook #TodayNews #unprecedented deviation

ROME | Italy brushes off downgrade as it plans EU budget response

ROME— Italy’s deputy premier is brushing off a ratings downgrade and vowing to forge ahead with the government’s rule-busting budget as Italy prepares to respond to European Union concerns about its high deficit targets.

International credit rating agency Moody’s late Friday downgraded Italy’s ratings to Baa3, with a stable outlook, citing the “material weakening in Italy’s fiscal strength”…

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#busting budget #fiscal strength #forge ahead #italy brushes #stable outlook #TodayNews #warned italy

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