Italy on Collision Course With EU Over Budget Deficit

Party leaders in the Italian coalition government signalled they will seek leeway from the EU to increase next year's budget deficit, heading on a collision course with the European Commission and investors who want it cut. Following Fitch agency’s decision to lower the outlook on Italy's debt rating on Friday, neither Matteo Salvini nor Luigi Di Maio — the heads of the League and 5-Star Movement respectively — backed away from promises to reduce taxes and boost welfare...

© La Voix de l'Amérique - lundi 3 septembre 2018