Greece Speculation: Debt Pile and Italy Budget

greece speculation: Tria, an academic who is not affiliated to either party, had been seeking a more conservative 1.9% in order to avoid adding to Italy's debt pile, which currently stands at around 131% of GDP, the second highest in the eurozone after Greece, according to The Guardian. Speculation that Tria would resign has been denied. italy budget There is an accord within the whole government for 2.4%, we are satisfied, this is a budget for change, Di Maio and Salvini said in a joint statement. The economy minister Giovanni Tria succumbed to pressure from the government's two deputy prime ministers Luigi Di Maio, the leader of the anti-establishment Five Star Movement M5S and Matteo Salvini, who heads up the far-right League to increase the target in order to pay for election campaign promises such as a universal basic income, flat tax and pension reforms. Di Maio wrote on Facebook that the agreement marked a historic day and was a victory for Italian citizens, not the government. For the first time in the history of this country we will erase poverty thanks to the basic income, he said. The means-tested basic income, which will cost 10bn, was a key feature of his party's election campaign. (news.financializer.com). As reported in the news.