December 5, 2018 / 7:01 AM / 7 days ago

EU still waiting for new Italian budget plans, says Oettinger

FILE PHOTO: European Union Budget Commissioner Guenther Oettinger holds a news conference to present the EU executive's final proposal for the bloc's next long-term budget, in Brussels, Belgium, May 2, 2018. REUTERS/Francois Lenoir

BERLIN (Reuters) - European Commissioner Guenther Oettinger urged Italy on Wednesday to quickly submit a new budget with a lower deficit goal than previous plans which he described as being dangerous for Italy and the euro zone.

“We hope that a draft will come today that corresponds to the criteria for all euro countries,” Oettinger, responsible for EU budget affairs, told German radio.

He added that even a deficit goal of 2.2 percent of gross domestic product, compared with the current goal of 2.4 percent for next year, “would be against all the commitments”.

Reporting by Gernot Heller; Writing by Madeline Chambers; Editing by Thomas Seythal

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