[Helsinki 13th Reuters]-In response to the launch of a new administration in Italy, the controversy over the proposed budget with the European Commission, the executing agency of the European Union (EU), will not be as sharp as it was in the previous administration. There are many ways to see it.
In Italy, this week, a new administration was established, consisting of a left-wing Democratic Party (PD) and a left-handed “five-star movement”. Like the previous administration, Conte is led by the government, but the “Alliance” has left the coalition, and Mr. Salvini, who served as the Deputy Prime Minister of the Alliance Party, has ceased to be involved in the administration. There is a view that Prime Minister Conte will no longer adopt the strategy of using.
The budget plan for the year 2019 by the former coalition government, led by the alliance led by Mr. Salvini, deviates significantly from the EU's fiscal discipline. It was a situation requiring revision of the draft.
Senteno Chairman of the Eurozone Finance Ministers Meeting (Euro Group) told reporters in Helsinki, “Because the newly established pro-EU regime has a strong commitment (especially for Italy ’s 20-year budget proposal) I don't see any problems. "
Italy, however, may seek the most flexible application of EU discipline for next year's government spending. EU officials said, “It is expected that the budget proposal submitted by Italy will barely comply with EU fiscal discipline. The European Commission does not want to bring about the collapse of a new administration with strong pro-EU color, so it is highly likely to approve. "Said.
Euro member states need to submit a draft budget for next year to the European Commission by 15 October.
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