October 24, 2018 / 6:07 AM / a month ago

French Finance Minister to meet Italian counterpart on Thursday

FILE PHOTO - French Finance Minister Bruno Le Maire speaks on tax issues at a joint hearing with lawmakers of the economic affairs committee and the special committee on financial crime at the European Parliament in Strasbourg, France, October 23, 2018. REUTERS/Vincent Kessler

PARIS (Reuters) - French finance minister Bruno Le Maire said he would meet his Italian counterpart on Thursday, as concerns mount within the euro zone over Italy’s finances following the rejection of Rome’s budget by the European Commission.

“Tomorrow, I will meet the Italian finance minister,” Le Maire told RTL Radio on Wednesday. He also reiterated that EU rules on public spending were aimed at protecting Italian and European consumers.

Earlier this week, the European Commission rejected Italy’s draft 2019 budget, saying it brazenly broke EU rules on public spending, and asked Rome to submit a new one within three weeks or face disciplinary action.

Reporting by Sudip Kar-Gupta; Editing by John Irish

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