Italian budget to promote growth, not seek austerity

Italian budget to promote growth, not seek austerity

MILAN (AP) – Italy’s economy minister, Giovanni Tria, pledged Wednesday that the first budget by the new Italian government would not see fresh austerity measures imposed.

Facing pressure from the two governing parties to fund key electoral promises, Tria has to walk a tightrope as he tries to balance promises made during this year’s election and commitments the country has to abide by as part of its membership of the eurozone.

Tria, who is unaffiliated with either governing party, said economic policy has to be prudent in order to assuage any concerns that may emerge in financial markets that Italy is […]

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