Italy’s new 2019 deficit plan still not enough: Moscovici

Paris (AFP) – A new 2019 budget plan from the Italian government to reduce its deficit to 2.04 percent of GDP is still not enough to secure EU approval, Economic Affairs Commissioner Pierre Moscovici said Thursday.

“It’s a step in the right direction, but nonetheless I have to say we’re still not quite there, there are still more steps to take,” the EU’s Moscovici told French senators in Paris after Italy’s latest proposal to avoid financial penalties from Brussels.