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Italy's Tria says sharp deficit cuts would be 'suicide' for economy

16:30 10-11-2018
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 Economy Minister Giovanni Tria said on Friday a sharp reduction in the government’s budget deficit, as demanded by the European Commission, would be suicide for Italy’s economy, Reuters reports.

Speaking alongside the head of the Eurogroup, Mario Centeno, Tria said he had no intention at present of changing Italy’s contested 2019 budget and added that EU concerns over the expansionary package were unfounded.

Centeno told reporters that the Eurogroup of euro zone finance ministers hoped Tria would revise the budget, saying this would help dispel market doubts over Italy.