VICENZA, Italy (Reuters) - Italy’s jobless rate and not the European Union’s “outdated” fiscal rules should determine whether Rome can hike public spending, Deputy Prime Minister Matteo Salvini said on Monday.
“We are putting top of the list not the 3 percent (budget deficit ceiling) but the jobless rate. We are asking for it (the jobless rate) to be the benchmark determining whether we can or cannot spend,” Salvini told reporters.
“I want to bring it down to 5 percent from 10 percent. When we get to 5 percent then we will respect all the rules in the world.”
Reporting by Riccardo Bastianello, writing by Silvia Aloisi, editing by Mark Bendeich
Our Standards: The Thomson Reuters Trust Principles.