Italy's finance minister, Giovanni Tria, comments in Rome
- Government is trying to avoid EU infringement procedure
- Says government may lower cost of new measures for welfare
- Fiscal targets may be revised
- May cut cost of citizens' income, make pension changes
With the situation in France brewing, it appears that Italy will stick with their initial stance on the budget; also because Salvini and Di Maio are adamant that they won't move below 2.2% on the deficit target.
At this point, lowering it to 2.2% from the initial 2.4% would not matter as the European Commission would like to see it reduced to somewhere around 2.0%. So, if Tria and Conte can't work to lower it to that level, they might as well not make any substantial changes at all.
