Italy's Conte reiterates that government won't change budget deficit target
Comments by Italy's prime minister Giuseppe Conte
- Weak Q3 GDP data was expected
- Which was why the government presented an expansionary budget
- Insists that Italy will not change budget but will not exceed 2.4% target
All very pretty words but given the economic data release today, the European Commission will be even more inclined to doubt the sustainability of Italy's budget proposal. The deadlock continues then.