June 11, 2019 / 4:36 PM / 2 months ago

Tria says EU action on Italy budget up to finmins, not Commission

Italy's Economy and Finance Minister Giovanni Tria speaks to reporters during the G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka, Japan June 9, 2019. Franck Robichon/Pool via REUTERS

ROME (Reuters) - Economy Minister Giovanni Tria on Tuesday played down a judgement by European Union government representatives that disciplinary action was warranted over Italy’s rising debt, saying the final decision would lie with the bloc’s finance ministers.

The EU government envoys earlier on Tuesday backed an assessment this month from the European Commission, according to a document seen by Reuters, but Tria said he expected they would also tell Brussels to keep negotiating with Rome

“We expect that the committee ... will ask the (European) Commission to continue to negotiate with Italy to reach an accord,” Tria told the upper house Senate.

“The final decision will be taken by the EU council,” he added, referring to the Ecofin group of finance ministers.

Reporting by Giuseppe Fonte, writing by Gavin Jones

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below