Italy won't backtrack on 2019 budget, says Deputy PM Salvini

Populist Minister Salvini Claims ‘Speculators Like Soros’ Are Behind Economic Attack on Italy		TIZIANA FABI  AFP  Getty8 Oct 2018

"The enemies of Europe are the ones who cut the bunker in Brussels".

Per a report, European commissioner Pierre Moscovici expressed his discontent at the Italian government, saying "the Italian Government presented a government budget with a 2.4% deficit not only for this year but over the next three years to come which is a significant deviation to what was committed before". The nation's benchmark FTSEMIB stock index fell to its lowest level since April 2017.

Di Maio over the weekend promised the ballot will be an "earthquake".

"The politics of austerity of the last few years have increased Italian debt and impoverished Italy".

"For the moment it is silent and is invested in foreign bonds". He's in Berlin Monday for talks with officials including Economy and Energy Minister Peter Altmaier.

"We are against the European Union, but we represent Europeans", Le Pen said at a press event after the closed-door discussions between the two leaders.

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Le Pen and Salvini said they want to help their brand of right-wing populism do well in the May 2019 vote for the European Parliament.

And there was also little sign of any retreat or surrender to the bond market or the European Commission: "We will not backtrack, we will not backtrack", Salvini insisted, adding that "Speculators acting like Soros are betting on Italy's collapse to buy at discount prices the healthy companies, and there are many of them, that have remained in this country".

Mr Salvini, leader of the nationalist League party, attacked the European Commission and its senior figures and pledged to use next year's European elections fight back with a populist "front of freedom".

"The Italians are continuing to test the EU's resolve", said Jens Peter Sorensen, chief analyst at Danske Bank A/S.

The Rome-based parliament will start debating the government's budget outline on Tuesday morning with Finance Minister Giovanni Tria holding the first of a series of hearings by the country's main institutions before the Lower House and Senate joint budget committees.

A slump in Italian assets deepened after a tug-of-war between the government and the European Union (EU) over its budget intensified.

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