‘We are WORRIED’ Italy WARNED over budget by head of eurozone rescue fund

THE head of the eurozone’s rescue fund has claimed the group is “worried about Italy” after Rome refused to budge on controversial spending plans. Klaus Regling told a news conference the Italian government's fiscal plans, which included a deficit budget of 2.4 percent of GDP for 2019, were a risk.

But he added there was no cause for panic as contagion to other European countries had so far been "very limited".

Mr Regling, who is Chief Executive Officer of the European Financial Stability Facility (EFSF), told a news conference: ”We are worried about Italy.”

The German economist also stressed that Italy's debt problems were different from those of Greece, which was bailed out three times by the eurozone over the last decade.

The EU, the European Central...
source: Express

2018-10-23 17:23
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