Italy's Cabinet undersecretary, Giancarlo Giorgetti, a prominent figure in the country's Lega party comments to Corriere

  • Deficit can be above 1.6% and even beyond 2%
  • A deficit above 2% would require 'serious and credible proposals'

The fight between finance minister Giovanni Tria and the coalition government continues. To cut things short, Tria wants a deficit between 1.5% to 1.8%. The coalition government's spending plans/programs in itself would already eat into the entirety of Tria's plans to keep the deficit in those levels. Hence, the stalemate we're seeing now.

If you need to know key dates to look out for in all of this, I had them earlier here.