Comments by European affairs minister Pierre Moscovici

  • Says that Italy's targeted growth of 1.5% in 2019 is 'optimistic'
  • There is a strong risk Italy's 2019 deficit will be above 2.4%

Moscovici hinting that the European Commission is not seeing eye to eye with Italy on the budget proposal. It's pretty much a given now that they will reject it before next Monday, but with Italy refusing to budge on their fiscal plans it's setting up to be a deadlock in the making and an interesting next few weeks.