Further comments by Italian prime minister Conte in parliament
- Public debt is fully sustainable
- But needs cutting through growth
- To seek narrower economic growth gap with the rest of Europe
- Italy's interests coincide with those of Europe
- Confident of Italy's negotiating strength with EU partners
- Plans to introduce a flat tax, but no specific timeframe
- Wants to change EU's Dublin treaty to share responsibility fairly in the bloc
He hasn't really gone into details yet, and isn't likely to given that he's speaking ahead of a confidence vote later in the day. So far the market is a bit mixed in reaction to his comments. BTPs and the MIB index fell on the back of his initial comments but is not really selling off all too much.
The Dublin treaty is one related to asylum seekers in the EU but for me it is a symbolic comment, as it shows their willingness to contest the EU.
