Italy PM says new budget proposal 'in coming hours'

Italian Prime Minister Giuseppe Conte said Tuesday that a revised draft budget to avoid excess deficit penalties.

Italy PM says new budget proposal 'in coming hours'

Italian Prime Minister Giuseppe Conte said Tuesday that a revised draft budget to avoid excess deficit penalties from Brussels would be ready "in the coming hours".

"My objective is to avoid Italy being penalized in a way that hurts our country and risks also hurting Europe," Conte told Italian daily Avvenire. 

"I'm finalizing a proposal that the European Union will have to take into consideration. It will be ready in the coming hours."

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