Europe Italy needs 50 billion euro budget for ‘shock’ stimulus: Salvini

Italy needs 50 billion euro budget for ‘shock’ stimulus: Salvini

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Italian Deputy PM Matteo Salvini gestures as he holds a news conference in southern Italy on a bank holiday as the government crisis continues, in Castel Volturno, Italy August 15, 2019.

The leader of Italy’s ruling League party, Matteo Salvini, said on Tuesday that a 50 billion euro ($55 billion) budget is necessary next year to bring about a “shock” fiscal stimulus.

Salvini pulled the plug on the League’s coalition government with the anti-establishment 5-Star Movement this month, starting a potential countdown to elections which could complicate the nation’s preparations for the 2020 budget.

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