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22 Apr 2014
Italy to meet Budget target a year later – Dasnke Bank
FXStreet (Edinburgh) - According to Pernille Nielsen, Analyst at Danske Bank, Italy would have requested an extra year to meet its budget target.
Key Quotes
“In Italy the new government led by Matteo Renzi has requested one more year to meet its agreed structural budget target citing ‘exceptional circumstances’”.
“Officials in Brussels said that the European Commission, which will deliver its assessment on 2 June, was expected to push back the demand and ‘make it clear that we can’t allow any delays’”.
“Previously, the French socialist government said it will stick to its budget deficit target for 2015 despite earlier indications that it would seek a delay”.
Key Quotes
“In Italy the new government led by Matteo Renzi has requested one more year to meet its agreed structural budget target citing ‘exceptional circumstances’”.
“Officials in Brussels said that the European Commission, which will deliver its assessment on 2 June, was expected to push back the demand and ‘make it clear that we can’t allow any delays’”.
“Previously, the French socialist government said it will stick to its budget deficit target for 2015 despite earlier indications that it would seek a delay”.