Italy's economic minister Giovanni Tria speaks to reporters in Vienna
Tria continuing to play his role as the "good cop" in all of this. He's been reiterating that they will propose a budget of around 1.5% to 1.8%, according to multiple reports. Then, you'll also hear other reports citing Salvini and Di Maio that the budget will be around €30 billion. That roughly translates to something between 2.0% to 2.5%.
But at the end of the day, this is all nothing but a target. As mentioned before, if the government still pushes forward with tax cuts, citizens' income, and pension reform, I don't see how all of that can bode well for the country's financial platform next year.
Sure, we may get a budget under the 3.0% limit and markets will cheer that in the near-term. But this looks like an issue that will persist into 2019 unless the government changes its fiscal plans.
