Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Italy budget deal threatens EU push over fiscal rules: Weidmann

Published 12/22/2018, 02:03 PM
Updated 12/22/2018, 02:05 PM
© Reuters. German Bundesbank President Weidmann delivers a speech during a dinner of the Hellenic Bank Association in Athens

BERLIN (Reuters) - A compromise Italy reached with EU authorities on its 2019 budget weakens Brussels' hand in pressing members of the euro zone to stick to the bloc's fiscal rules, Bundesbank President Jens Weidmann said on Saturday.

"The original promise to cut the deficit has been compromised," Weidmann told the Welt am Sonntag newspaper. "It makes it difficult for the Commission and other governments to press for solid state finances in the future."

Latest comments

Well if italy gets into finacial trouble, no help should come from eu tax payers money.
The doorway to the outside probably not visible to him from his podium!!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.