December 19, 2018 / 4:16 PM / 5 months ago

Germany lauds Italy's budget deal with European Commission

BERLIN (Reuters) - German Finance Minister Olaf Scholz on Wednesday welcomed an agreement reached between Italy and the European Commission to resolve their lingering dispute over Rome’s budget plans.

“It is a good sign that Italy has now agreed with the European Commission on a common approach to the Italian budget,” said Scholz, who is also vice chancellor.

The European Commission on Wednesday reached a deal with Italy over its 2019 budget, avoiding disciplinary steps against Rome, ending months of verbal sparring and buoying Italian bonds and shares.

Reporting by Michael Nienaber,; Editing by Joseph Nasr; Editing by Maria Sheahan

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below