Italy deputy prime minister Luigi Di Maio on the wires
- Budget law will keep Italy's finances in order
- But it will also be "courageous"
- There is no division with economy minister Tria
- Citizens' income to be in the budget
- Flat tax and citizens' income are not mutually exclusive
- Cannot say if budget will be above 2%
- "We will put Italian people before ratings agencies"
Italian bonds may be cheering on the fact that the government is reassuring markets that the budget will "be in order", but the fact is they're also continuing to talk up including citizens' income, tax cuts, and pension reform in the budget.
I don't see how this will end well if they continue to push forward with the agenda above. And that last line certainly isn't too encouraging either if you ask me.
