Italy defies EU, IMF by approving controversial budget targets

Italy's populist government ignored warnings from the European Union and International Monetary by approving a new budget law on Thursday that steeply raises the deficit target to 2.4 percent for 2019.

The proposed budget passed despite it being criticized as unrealistic by the parliament's own budget office and the Bank of Italy. Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. "Next week, on Monday, the cabinet will approve the budget, which will then be sent to Brussels and to parliament," Di Maio, who leads the M5S that governs with the right-wing League party, said.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte