December 5, 2018 / 6:55 AM / 5 days ago

EU still waiting for new Italian budget plans, says Oettinger

BERLIN, Dec 5 (Reuters) - European Commissioner Guenther Oettinger urged Italy on Wednesday to quickly submit a new budget with a lower deficit goal than previous plans which he described as being dangerous for Italy and the euro zone.

“We hope that a draft will come today that corresponds to the criteria for all euro countries,” Oettinger, responsible for EU budget affairs, told German radio.

He added that even a deficit goal of 2.2 percent of gross domestic product, compared with the current goal of 2.4 percent for next year, “would be against all the commitments”.

Reporting by Gernot Heller Writing by Madeline Chambers Editing by Thomas Seythal

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