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EU Still Waiting For New Italian Budget Plans, Says Oettinger
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European Commissioner Guenther Oettinger urged Italy on Wednesday to quickly submit a new budget with a lower deficit goal than previous plans which he described as being dangerous for Italy and the euro zone, reported Reuters.
“We hope that a draft will come today that corresponds to the criteria for all euro countries,” Oettinger, responsible for EU budget affairs, told German radio.
He added that even a deficit goal of 2.2 percent of gross domestic product, compared with the current goal of 2.4 percent for next year, “would be against all the commitments”.
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