Italy suffers rocky day on financial markets as EU asks for budget clarification

ROME, Oct. 19 (Xinhua) — Italy suffered another rocky day on the financial markets Friday, as European Economic and Financial Affairs Commissioner Pierre Moscovici wound up the second day of a two-day visit to Rome during which he delivered a letter from the European Commission to Finance Minister Giovanni Tria asking him for clarification on Italy’s draft budget.

According to the version published by the Ministry of Finance earlier this week, Italy’s draft budget introduces a basic income for the poor of 780 euros a month, a "citizens’ pension" of 780 euros a month, to be paid for mostly by […]

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