November 21, 2018 / 11:36 AM / 21 days ago

Italy's Conte says government convinced about budget, will discuss with Juncker

FILE PHOTO: Italy's Prime Minister Giuseppe Conte awaits to welcome participants as they arrive to attend the first day of the international conference on Libya in Palermo, Italy, November 12, 2018. REUTERS/Guglielmo Mangiapane/File Photo

ROME (Reuters) - Italian Prime Minister Giuseppe Conte, speaking after reports that the European Commission had rejected his government’s 2019 budget, said he remained convinced about the validity of the fiscal package.

He reiterated that he would meet European Commission President Jean-Claude Juncker in Brussels on Saturday to discuss the situation.

The EU executive is expected on Wednesday to take the first step towards disciplining Italy over the budget, backed by euro zone governments worried that Rome’s borrow-and-spend plans could trigger another debt crisis that would hurt them all.

Reporting by Alberto Sisto; Editing by Crispian Balmer

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