Italian press report, Corriere della Sera, an Italian daily newspaper

The paper citing a Cabinet meeting

  • Says a draft of Italy's budget plan says plan is to cut the deficit to 2% in 2021
  • Govmt forecasting deficit of 2.4% of GDP for 2019, then 2.2% in 2020
  • Says due to pressure from the EU
  • spending cuts

Giving the EUR a boost

Well, that's different …the past few weeks have been over run with reports of a blow out deficit, which have weighed on the euro.