December 17, 2018 / 8:12 AM / 6 months ago

Rome optimistic EU won't discipline Italy over budget-undersecretary

FILE PHOTO: European Union and Italian flags are seen in downtown Rome, Italy, October 19, 2018. REUTERS/Alessandro Bianchi

ROME (Reuters) - The Italian government is confident that the European Union won’t open a disciplinary procedure over its budget after the ruling coalition agreed to revise it, an economy undersecretary said on Monday.

“We are optimistic,” Massimo Garavaglia told state-owned radio RAI.

Italy’s coalition government has agreed on the “numbers and contents” of the budget it will propose to Brussels in a bid to avoid disciplinary action over its plans to hike deficit spending next year, a League party spokeswoman said earlier on Monday.

Reporting by Giselda Vagnoni; editing by Agnieszka Flak

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