Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Italy

Italy’s league and 5Star attack EU budget rules after vote

byCT Report
14/03/2018
in Italy
Share on FacebookShare on Twitter

You might also like

Italy must strengthen its capital markets: OECD

03/02/2020

Consumer morale rises unexpectedly in Germany, France, Italy

30/01/2020

ROME:  Italy’s far-right League party and the 5-Star Movement, which both performed strongly in this month’s inconclusive national election, attacked European Union budget rules on Tuesday, saying they must be overhauled.

The March 4 election ended in gridlock, with the League becoming the biggest member of a right-wing coalition that took a combined 37 percent of the vote, and the anti-system 5-Star emerging as the largest party in parliament on 32 percent.

Neither of the two has enough seats to govern alone, but they would have a majority in both houses if they joined forces. Starting next month, the country’s president will begin to cajole rivals into finding common ground on which they could govern together.

Speaking at separate events, League leader Matteo Salvini and 5-Star’s Luigi Di Maio agreed that a budget deficit ceiling of 3 percent of economic output set under EU rules was hurting economic growth and should be changed.

“On the deficit, it seems that by now everyone agrees this parameter should be revised and replaced. Now we should see how,” Di Maio told foreign reporters in Rome.

Earlier in the day, at the European Parliament in Strasbourg, Salvini said the deficit limit was “one of those rules, written around a table, which we are happy to respect if they help people live better, but if in the name of those constraints we have to fire, close and destabilise, no”.

Though the League and 5-Star agree budget austerity should be scrapped, their two leaders adopted a different tone towards Brussels. Salvini denounced the European Union as “destroyers”, while Di Maio said he wanted constructive relations.

Related Stories

Italy must strengthen its capital markets: OECD

byadmin
03/02/2020

Italy must improve its capital markets to help underperforming companies access funding for investment and growth, while giving investors means...

Consumer morale rises unexpectedly in Germany, France, Italy

byadmin
30/01/2020

BERLIN/PARIS (Reuters) - Consumer morale in Germany, France and Italy rose unexpectedly at the start of the year, data showed...

Bank of Italy warns a number of the country’s smaller banks are at risk

byadmin
21/01/2020

ROME: A senior Bank of Italy official warned that a number of smaller banks, especially in the country’s disadvantaged south,...

Italy to cut 2020 GDP growth target to around 0.6% – sources

byadmin
30/12/2019

ROME: Italy will cut its target for economic growth next year to around 0.6%, three sources close to the matter...

Next Post

NAB summons officer over Imran helicopter use

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.