ROME (Reuters) - Italy is not on a collision course with the European Union over its budget and will move to stem market speculation, the foreign affairs minister said on Tuesday.
Investors heavily sold off Italian bonds over the summer, on concerns the governing coalition's fiscal plans would put the country's already huge debt pile under strain.
EU rules require Italy to achieve a large improvement in its fiscal balance next year.
"I do not expect a clash between Italy and the EU over the budget," said Enzo Moavero in a radio interview.
"We are determined to pass a sound budget that will stem market speculation".
Italy's government has to present its fiscal plans for 2019 by next month.
(Reporting by Giselda Vagnoni)
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