Economics
Italy Finance Minister Sees Economy in Stagnation, Not Recession
- Finance chief promises deficit control, in Corriere interview
- EU fiscal rules need changing to aid growth, Tria says
Pedestrians carry shopping bags near market stalls in Rome.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Italy’s economy is probably in a phase of stagnation not recession, Finance Minister Giovanni Tria said in a newspaper interview, adding that the country’s deficit will be kept under control.
European Union fiscal rules are wrong and need to be changed to boost economic growth, Tria also said in the interview with Corriere della Sera published Sunday.