Talk of Italy budget correction is 'folly and speculation' - economy minister

FILE PHOTO: Italian Economy Minister Giovanni Tria attends a eurozone finance ministers meeting in Brussels, Belgium January 21, 2019. REUTERS/Francois Lenoir - Copyright FRANCOIS LENOIR(Reuters)

By Reuters

Published on 25/02/2019 - 17:04•Updated 24/04/2024 - 12:45

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ROME (Reuters) - Italian Economy Minister Giovanni Tria on Monday said the economy, the euro zone's third biggest, is between stagnation and recession as he ruled out a budget correction during the course of 2019.

With the economy sputtering, talk about a budget correction is "folly and speculation" and Brussels officials have not indicated they are seeking one, Tria said during recording of an interview for Mediaset television.