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Di Maio says EU election will shake up politics, help Italy

ROME (Reuters) – European parliamentary elections in May will shake up the political landscape and help Italy rolling around in its budget battles with Brussels, Deputy Prime Minister Luigi Di Maio said on Sunday.

The European Commission a few weeks ago rejected Italy’s 2019 budget, saying it flouted a dedication to decrease the deficit and would not guarantee a reduction in the debt, your second highest inside the euro zone to be a proportion of GDP.

Italy’s coalition, comprising the anti-establishment 5-Star-Movement and far-right League, has refused to change the principle points from the budget, saying it is going to improve the overall economy via tax cuts, a reduced retirement far better welfare spending.

Di Maio told Corriere della Sera daily he was positive that Rome and Brussels could avoid an accident, predicting which the Commission would create a different approach after May’s elections which can boost anti-austerity parties.

“…citizens will vote from the European elections and may create a big interrupt,” said Di Maio, who will be also leader from the 5-Star. “I am in a position to discuss things around a table, however they cannot ask us to massacre Italians.”

Di Maio reiterated that this government was willing to sell real estate investment assets, reduce waste and introduce safeguard clauses so your deficit will not exceed the mark of two.Four percent of output in 2019. But he stated: “The primary reforms in the budget must be in place”.

The European Commission is required to get started on disciplinary steps against Rome next Wednesday, a process that could eventually contribute to unprecedented fines for Italy.

Separately, the key of Italy’s richest regional business lobby, criticized the ruling parties for using your ability to buy being a tool to boost their own personal popularity.

“We’re very concered about the choice that have been taken and this are putting (the economy) in jeopardy,” Carlo Bonomi, head of regional industry lobby Assolombarda said from a interview with state-owned television RAI on Sunday.

Italian industrialists reckon the possible lack of investments as being the main problem within the Italian budget drafted via the populist coalition, Bonomi added.

“The clear project would be to monetize the electoral dividend rather than boosting the economy,” he explained.

The European elections are shaping as many as often be a battle between centrist, pro-EU parties and nationalist far-right formations that are looking to quit immigration.

(Reporting by Giselda Vagnoni; Editing by Janet Lawrence and David Evans)

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