You are using an older browser version. Please use a supported version for the best MSN experience.

Italy's PM seeks EU fiscal forbearance to revive growth

Reuters logo Reuters 9/11/2019
Ursula von der Leyen wearing a suit and tie: European Commission's president-designate Ursula von der Leyen welcomes Italian Prime Minister Giuseppe Conte prior to a meeting at the EU Charlemagne building in Brussels© Reuters/POOL European Commission's president-designate Ursula von der Leyen welcomes Italian Prime Minister Giuseppe Conte prior to a meeting at the EU Charlemagne building in Brussels

BRUSSELS (Reuters) - The European Union should give Italy more time to cut its debt and support a plan to reinvigorate investment in the country, Prime Minister Giuseppe Conte said after a meeting in Brussels with the president-designate of the European Commission.

"Our target is to reduce the debt," Conte told reporters. "But we want to do it through economic growth and investments," he said, adding that Italy would need "some time" to reach its fiscal targets and invest in the green economy, digitalization and the relaunch of its impoverished south.

a man sitting at a table using a laptop: Italian Prime Minister Giuseppe Conte attends a meeting with the European Council President Donald Tusk in Brussels© Reuters/POOL Italian Prime Minister Giuseppe Conte attends a meeting with the European Council President Donald Tusk in Brussels

Conte, on his first visit to Brussels after becoming the head of a government backed by the 5-star and Democratic Party, repeated calls for a lenient interpretation of EU fiscal rules. Past Italian governments made similar requests; some led to prolonged disputes with the European Union.

Donald Tusk wearing a suit and tie standing in front of a flag: Italian PM Conte walks with EU Council President Tusk in Brussels© Reuters/FRANCOIS LENOIR Italian PM Conte walks with EU Council President Tusk in Brussels

After Conte met the commission's president-designate, Ursula von der Leyen, an EU official said: "They had a good exchange about the new political situation in Italy. And also about migration and economics. No concrete results."

(Reporting by Francesco Guarascio @fraguarascio, editing by Larry King)

AdChoices
AdChoices
AdChoices

More From Reuters

image beaconimage beaconimage beacon