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EU still waiting for new Italian budget plans, says Oettinger

Reuters  |  BERLIN 

(Reuters) - European urged on Wednesday to quickly submit a new budget with a lower deficit goal than previous plans which he described as being dangerous for and the zone.

"We hope that a draft will come today that corresponds to the criteria for all countries," Oettinger, responsible for EU budget affairs, told German radio.

He added that even a deficit goal of 2.2 percent of gross domestic product, compared with the current goal of 2.4 percent for next year, "would be against all the commitments".

(Reporting by Gernot Heller; Writing by Madeline Chambers; Editing by Thomas Seythal)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 12:31 IST