Italy’s EcoMin Tria: 2019 budget aims to tackle concrete problems, and not exit Euro area

More comments are crossing the wires from the Italian Economy Minister Tri, this time via ANSA.

Previous economic targets from previous governments were not realistic.

Believes that Italy has benefited from the ECB’s QE operation.

We need to take our EU partners into consideration.

Cannot ignore the bond yield spreads with the German bunds.

Believes the 2019 budget aims to tackle the concrete problems, and not exit the euro area

The government has to take into account fears of the EU partners and financial markets uncertainty.

Government is in talks with EU commission to find a shared improvement to the budget.

Only by boosting confidence can Italy reverse market expectations.

We are working to find a way to support economic growth in Italy as well as containing public finances.