Italy and France far-right leaders slam Brussels ‘bunker’

11 Octobre, 2018, 09:53 | Auteur: Anatole Charbonneau
  • Salvini Says Juncker's Austerity Regime Is Europe's Real EnemyMore

Salvini spoke during a press conference with French far-right leader Marine Le Pen in Rome. Italian government bond relents meanwhile edged down from 4 ½ years peak on wishes that Economy Minister Giovanni Tria will hit an ordinary tone when safeguarding the government's budget in parliament.

"If somebody in Berlin or Brussels thinks that the "reset" of dozens of migrants in Italy unauthorized Charter flights, they should know what the available airports and never will be" - said Salvini.

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".

Salvini heads the League party, one of the two major parties supporting the government of Prime Minister Giuseppe Conte. When these finally appeared, some of the numbers contained in the delayed report were significantly different from those initially proposed by Salvini and his Five Star counterpart, Luigi di Maio. She argued the European Union had become "totalitarian" and operated against the interests of the citizens it represents. Meanwhile, Le Pen rushed to assure people that the two parties "are not fighting against Europe" but are actually seeking to "save the real Europe" from the dictate of the European Union, which "has become too totalitarian".

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Yields on benchmark 10-year bonds rose above 3.5% for the first time in four years while stocks approached a bear market after the European Commission (EC) said the populist coalition's plans for a wider deficit are in breach of common rules. The aim is to win the EU elections next year and work together for a "Europe of nations" which gives power back to the people, taking it away from the European bureaucracies, she added.

According to analysts at Danske Bank, in Europe the Italian Job continues to raise risks of "blowing the bloody doors off".

"And we have seen the spreads increase over the past months".

The standoff is about to culminate as the Italian government will deliver a draft 2019 budget to the European Commission on October 15.

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