EU approves Italian budget 2019

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Photo: @Palazzo_Chigi
By Engelbert Maldonado

The European Union (EU) approved the budget of Italy, leaving it free of sanctions, as this day confirmed the European Economic Commission, based in Brussels.

Although Italian government officials released the news at night, confirmation expected international governing body.

The approval was given after a long and intense process that initiated both sides, after the government of the peninsula submit a budget with a very high deficit (2.4), in which few resources for investment and current expenditure identified, mainly wages increased by citizenship and pension reform.

As for the salary of citizenship, the proposal seeks to provide an amount of 780 Italians euros monthly jobless. It is estimated that about five million beneficiaries will.

In relation to the pension, the proposal provides the possibility that people with 38 years of work, called "quota 100%", they can opt for a pension and not wait to meet 67 age as established technical government reform in the 2011. This reform avoided an economic crisis, due to lack of payment which was falling the Italian state.

Photo: @Palazzo_Chigi

Negotiations started since last Friday, They modified the budget proposal, although the two parties that govern Italy, Movement 5 Stars and La Lega, They raised the tone by saying not retreat one centimeter.

With the threat of sanctions and harsh words of Prime Minister of Italy, Giuseppe Conte, who so far she appeared in the shadow of the leaders of the two ruling parties, This took center stage and moved to Brussels with his economy minister, Giovanni Tria to negotiate and avoid punishment.

Photo: @Palazzo_Chigi

Meanwhile, analysts say that besides the work of Conte, They influenced the protests of the "yellow jackets" in France, that forced President Emmanuel Macron keep fuel prices, subsidize public transportation and announce an increase in the minimum wage 100 euros.

With these measures, The French government also exceeded the deficit by more than 5 it points tolerated by the European Commission. From there, leaders of parties in the Italian government intensified the claim, arguing that they can not be children and stepchildren in Europe.