Italy’s Conte Asks Brussels for ‘Bit of Time’ on Debt

Italy’s prime minister has called on Brussels to allow Rome “a little bit of time” to cut its debt by investing in economic growth, in his first meeting with the incoming president of the European Commission, the Financial Times reported. Giuseppe Conte, who was this week sworn in by lawmakers as the leader of Italy’s new coalition government, said that he would not pursue policies that would risk financial stability after a meeting in Brussels on Wednesday with Ursula von der Leyen, the commission’s incoming head. “We must make investments that allow us to direct growth towards greater employment, and we want to make a transparent pact with the EU on what is our programme,” Mr Conte said. Read more