ROME (Reuters) - Market tensions will ease once the European Commission takes a decision over Italy’s 2019 budget, Deputy Prime Minister Di Maio said on Tuesday.
Investors have been shedding Italian debt amid a row between Rome and the Commission over the government’s expansionary 2019 budget.
Brussels is expected to release a report on Italy’s debt on Wednesday, which could be the first step towards a disciplinary procedure that could eventually lead to fines on Rome.
Di Maio said that regardless of the decision the Commission might take, Italy is a “solid” country.
Reporting by Davide Barbuscia