Italy’s FinMin Tria: Budget is aimed at answering citizens' concerns

Italy's finance minister Giovanni Tria, addressing the parliament commission over budget, stated that the budget was aimed at answering the citizens’ concerns.

Key points:

   •  Unacceptable economic growth gap with the EU as a whole. 
   •  The low-growth in Italy did not facilitate a debt to GDP cut.
   •  The government wants to ensure it significantly reduces debt to GDP.
   •  Declining global trade may be detrimental to Italian growth..
   •  Notes a high risk of a decline in the global macroeconomic backdrop.