Italy’s Salvini says EU fiscal rules must be changed, not broken

May 24, 2019

MILAN (Reuters) – Italy’s Deputy Prime Minister Matteo Salvini said on Friday its right-wing League party wanted to change European Union fiscal rules to push through tax cuts because it would not want a deficit overshoot that lifted debt costs.

“The League’s goal is to change EU rules to be able to lower taxes”, Salvini told RTL 102.5 radio.

Salvini said he was ready to discuss the issue with French President Emmanuel Macron and German Chancellor Angela Merkel after an EU vote on Sunday from which he expects the League to come out as the strongest party in Italy and Europe.

Italian bond yields rose to their highest level since February last week after Salvini said Italy could break EU fiscal rules and increase its public debt in order to spur job creation.

(Reporting by Elvira Pollina, editing by Valentina Za)

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