Italy’s ministry has no intention of leaving the euro and plans to focus on cutting debt levels, looking to be in aid of growth through investment and structural reforms rather than deficiency spending, the new economy minister said.
In his first interview since irresistible office a week ago, Giovanni Tria told Corriere della Sera newspaper that he aimed to match existing debt targets for 2018 and 2019, adding that Italy’s indebted commitments were fully sustainable.
“Our goal is (to lift) growth and business. But we do not plan on reviving growth through deficit spending,” Tria articulate, adding that he would present new economic forecasts and government purposes in September.
“These will be fully coherent with the objective of on on the path of lowering the debt/GDP ratio,” he said.