Italy's Five Star lawmakers reported to study ways to pressure Tria

Author: Justin Low | Category: News

According to a report by La Repubblica


And the battle continues. Finance minister Tria is wanting to keep the budget deficit at around 1.5% to 1.8% of GDP but Five Star lawmakers - including Di Maio - are keen to push forward with their plans to introduce citizens' income of around €780 - which translates to roughly a 1.5% deficit in itself already.

The report here says that some members of parliament are said to consider the document for the citizens' income to force Tria's hand, even if it means pushing him out of the government. There's also a report out by Corriere stating that Di Maio is seeking a budget deficit of around  2.5% to accommodate the ciitzens' income among other plans.

Not gonna be a cheerful start to the day for Italian bonds I reckon.
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