Italy's Prime Minister Giuseppe Conte speaks to media as he arrives to take part in a European Union leaders summit, in Brussels, Belgium July 2, 2019. REUTERS/Piroschka Van De Wouw
BRUSSELS/ROME (Reuters) - Prime Minister Giuseppe Conte said on Tuesday Italy's 2019 budget deficit looked set to hit its target of 2.04% of gross domestic product, meaning the country was compliant with European Union finance rules.
The European Commission has threatened to launch disciplinary procedures against Rome because it failed to reduce its large public debt in 2018 as promised, and has urged Rome to bolster state finances.
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