Italy’s Tria reportedly seeking 1.5% deficit/GDP ratio in budget law

Accord to a report by La Stampa, citing Italy’s economic minister Giovanni Tria

There’s still the whole of September to go about this issue, so expect more headlines like that to come and possibly vary. Right now, the reported 1.5% will at least help to ease worries faced by Italian assets but Tria has been playing the “good cop” in all of this. Watch out for comments by Di Maio, he’s the “bad cop” in this scenario.

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