Italian PM to EU: 'No room' for modifications on budget

18 October, 2018, 11:42 | Author: Wade Massey
  • REUTERS  Yves Herman

"I will send the message that we have a well-articulated budget, a budget to reverse the trend in the Italian economy", Conte said, before meeting Merkel.

While the 2.4 percent deficit projected for 2019 is well below the EU's 3 percent limit, it is up sharply from a targeted 1.8 percent this year.

European Commission President Jean-Claude Juncker suggested on Tuesday that the EU was unlikely to give the thumbs up to Italy's draft budget, which foresees the country's deficit rising to 2.4% of GDP next year.

"We are keeping all our promises, we are very happy with this budget", Conte told reporters Monday evening.

European Union leaders are set to discuss the eurozone on Thursday, with harder line leaders - most notably from the Netherlands - expected to denounce Italy's decision to go on a public spending spree. In an interview with Italian journalists by the head of the European Commission added that if Italy does not comply, it may cause a violent reaction of its European partners.

The Commission will now assess the fiscal framework - a separate document from the budget law - over two weeks, and could dismiss it and ask Rome to draw up a new one.

Google’s CEO confirms it’s returning to China with a censored search engine
Going forward, Google is shying away from working with military-related projects over fears of public perception of the company. Google's conceivable come back to China - a market it relinquished over restriction concerns - was first spilled in August .


Hip and knee surgeons to use Apple Watch to monitor patients
With over a million Americans getting hip or knee replacement surgeries each year, this is an important area of study. The app could also help doctors monitor the health of their patients who prefer to stay at home after surgery.


Keira Knightley reveals the Disney movies her daughter is 'banned' from seeing
For Halloween, her little girl wants to be a witch, which Knightley humorously described as "boring" and "dull, but cute". Ellen Degeneres , of course, provided the voice of Dory in " Finding Dory ".


"If Brussels says I can not do it, I do not care, I will do it anyway", Salvini said last week, referring to the budget's implementation.

Italy's fiscal plans have pushed up the yield on Italian government bonds, raising borrowing costs for state coffers and creating fears of contagion for the broader euro zone, but Tria brushed off concerns. This in turn, could bring back to the fore the aggressively eurosceptic stance of the coalition, which was moderated when it took to power.

To help fund spending measures, the budget makes life harder for Italy's struggling banks, reducing the proportion of interest payments they can deduct from their taxable income.

In May, a leaked report, published in part by the Huffington Post, showed that both parties discussed a commitment to leave the euro prior to entering into government, before abandoning that pledge. Officials sought to play down the chances of a major clash, with Giovanni Tria, Italy's foreign minister saying that the "idea that this budget will blow up Europe is totally unfounded".

The threat of a clash between Rome and Brussels comes as the Italian political situation continues to spook markets.

Italy's far-right Interior Minister Matteo Salvini on Tuesday hit out at President Emmanuel Macron after French police were caught committing the "unprecedented offence" of dumping migrants in Italian woods.

Recommended:

  • Ariana Grande quits social media after 'very sad' Pete Davidson split

    Ariana Grande quits social media after 'very sad' Pete Davidson split

    Ariana Grande has chose to take a digital detox following her "split" from Pete Davidson . "And thank you for bein there always". In a since deleted frame, the 25-year-old wrote, "OK today was v special and I'm so grateful I was able to be there".
    Chris Jericho Reveals Why He Wasn’t At SmackDown 1000

    Chris Jericho Reveals Why He Wasn’t At SmackDown 1000

    It has also helped regenerate the much-loved Truth and has added another layer of development to Carmella's character. The Undertaker made an appearance, hyping up his match at the controversial Crown Jewel show in Saudi Arabia .
    Road closed after protesters stage demo as fracking starts in Lancashire

    Road closed after protesters stage demo as fracking starts in Lancashire

    Demonstrations "It is morally bankrupt to be heralding the start of a whole new fossil industry, when climate catastrophe awaits". The company had hoped to start work at the site on Saturday but this was delayed by the effects of Storm Callum.
  • UK PM meets Macron ahead of Brexit talks

    UK PM meets Macron ahead of Brexit talks

    But the idea is controversial among May's eurosceptic Conservative MPs, who fear it is simply a way of delaying Britain's exit. The Shadow Brexit Secretary said: "That is not a meaningful vote and ministers can't be allowed to silence Parliament ".
    Astros under scrutiny in sign-stealing controversy against Red Sox

    Astros under scrutiny in sign-stealing controversy against Red Sox

    The Indians were concerned the man was attempting to view scouting reports Cleveland had on Houston's players, one person said. The seven-time All-Star started the series opener but missed Game 2 and didn't travel with the team after being hospitalized.
    Treasury Dept. employee arrested for leaking information to Buzzfeed

    Treasury Dept. employee arrested for leaking information to Buzzfeed

    They 'are not public documents, and it is an independent federal crime to disclose them outside of one's official duties, ' U.S. Both counts with which Edwards was charged carry a maximum sentence of five years in prison.
  • MLB Issues Statement Clearing Astros Of Rule Violations

    MLB Issues Statement Clearing Astros Of Rule Violations

    The Red Sox had been warned before their series-opening game to look out for the man, the AP was told by the people. Stealing signs is allowed, as long as teams only use their eyes. 'Somebody mentioned (it) to me right now.
    Durant's brother clarifies comment on Instagram post

    Durant's brother clarifies comment on Instagram post

    And his brother, Tony Durant, has suggested the nine-time All-Star will leave Golden State in a year's time. I said what I had to say at media day. "I want him to be happy".
    Google Maps adds EV charging station info

    Google Maps adds EV charging station info

    If a business has charging stations, Maps will also feature a link to information about that station on that business' listing. That assistance comes in the form of Google Maps which, beginning today, will show EV charging stations within the app.
  • Cody Bellinger lifts Dodgers over Brewers in 13th inning to tie NLCS

    Cody Bellinger lifts Dodgers over Brewers in 13th inning to tie NLCS

    So it went that Wade Miley walked Bellinger on five pitches to open the bottom of the first inning and then was removed. Kershaw struck out Jesus Aguilar to end the third, the first of 13 consecutive batters that the left-hander retired.
    Djokovic hails family after Shanghai win

    Djokovic hails family after Shanghai win

    He also dispensed of three-time Grand Slam victor and Federer's fellow Swiss Stan Wawrinka in his opening match. The triumph also helps Djokovic surpass Federer to become world No. 2.
    Simona Halep earns second straight year-end No. 1 ranking

    Simona Halep earns second straight year-end No. 1 ranking

    Anastasia Pavlyuchenkova will play Simona Halep in the second round of the Kremlin Cup after beating Ajla Tomljanovic in straight sets.


Popular

Minister resigns amid sexual assault allegations by 35 women
The resignation came as Prime Minister Narendra Modi was under attack from the opposition for his silence on the issue. But if he doesn't, or in case he files such cases against other women too, the Guild offers its support to them.

Mueller Could Release Probe Results After Midterms, Before Thanksgiving, According To Somebody
But if you want Mueller's report to be buried by Devin Nunes and Attorney General Lindsey Graham, you can vote for that as well. Two unnamed officials told Bloomberg that Mr.

Australia hesitates as proposal to move Israel embassy to Jerusalem draws fire
It has not come up in any discussion I have had with the president or with officials", Morrison said. If his party does not win, the coalition government will lose its one-seat majority in parliament.

Stunning video shows bridge washed away in Texas flood
Last week, four people were swept away in floodwaters along the South Llano River in Junction when an RV park was washed away. In 24 hours, the river rose to 12 metres, some 10m higher than the day before, and around 5.5 metres above major flood stage.

Irish Author Anna Burns wins Man Booker Prize 2018 for 'Milkman'
In the week following the 2017 victor announcement, sales of Lincoln in the Bardo by George Saunders increased by 1,227 per cent. The rules for the Man Booker Prize changed in 2014 when American authors were allowed to compete for the award.

Google Pixel 3 XL teardown confirms Samsung AMOLED display
But on the other hand, this makes it much harder to open. "High five for pre-ordering Google Pixel 3 ". Titan M boasts completely independent computation alongside secured flash to further resist tampering.

Canada to pardon small-scale pot convictions
On Wednesday, Canada became the second and largest country in the world to legalise cannabis for recreational purposes. The federal government set a few baseline rules and left others to the provinces . "All the years of activism paid off.

Floyd Mayweather tells UFC's Khabib Nurmagomedov 'come into my world'
That's a lot of money if true, as Mayweather and McGregor made out with a small fortune from their boxing match in Las Vegas . Khabib 2 will take place at Jerry World and we'll get another collision between two of the sports world's biggest hardos.

Orange Is the New Black to wrap after 2019's season 7
Cast members posted a video on Wednesday (US time) announcing the series' 2019 end, which was confirmed by a Netflix spokeswoman. Orange Is the New Black premiered in 2013 and quickly became one of the streaming service's signature hit shows.

President Museveni Asked Kim Kardashian What her Job is
According to XXL , Ye has also set up a pop up studio to enable him carry out his work while enjoying the handsome scenery. PAY ATTENTION: Get the Latest Nigerian News Anywhere 24/7.