Italy's Tria: Government thinks budget is correct, no reason to present EU with a new one

Italy's economy minister Giovanni Tria recently crossed the wires saying that he was surprised by the EU's rejection of the budget. "Some of the analysis was superficial," Tria added, as reported by Reuters.

Key quotes

• Government thinks the budget is correct, sees no reasons to present EU with a new one.
• 2.4% deficit/GDP target in 2019 is "ceiling".
• If tomorrow we see a repeat of the 2008 crisis, we will make changes to the budget.