Finally, we can stop talking about this until next year
- Deal has been reached on 2019 budget with Italy
- Allows to avoid excessive deficit procedure
- However, says that solution on Italy budget is not ideal
- Disciplinary steps can be avoided provided Italy fully implements agreed measures
- New Italy budget sees 2.04% deficit target
- Overall, Italy's budget still raises concerns
It must be said that what is agreed here is just a target that should and needs to be adhered to. However, you get the feeling that once Italy realises they can't stick to it especially with economic growth still looking sluggish, that they'll push forward with their fiscal measures anyway.
After all, if you're gonna do something wrong, make sure you do it right.
