18:11 GMT +320 October 2019
Listen Live
    Sebastian Kurz

    Kurz on Rome's Draft Budget: Austria Will Not Pay Someone Else's Debts

    © Sputnik / Evegeni Bijatow
    Get short URL

    VIENNA (Sputnik) - Austrian Chancellor Sebastian Kurz said Thursday, commenting on Italy's 2019 draft budget, that Vienna had no intention to be accountable for someone else's debts and called on Rome to respect the euro convergence criteria, or the Maastricht criteria.

    On Monday, Italy submitted its draft budget to the European Union. The proposed budget deficit of 2.4 percent of GDP is underneath the EU-mandated 3-percent threshold, but another criterion stipulates that EU members should keep its debt-to-GDP level below 60 percent and make efforts to cut debt, if it is above the limit. Italy's debt-to-GDP ratio has been around 132 percent over the past four years, the highest in Europe after Greece. By June, the country's debt grew to an all-time high above 2.3 trillion euros ($2.64 trillion).

    READ MORE: Radical Alternative: Austria, Italy Propose Migrant Processing at Sea

    "We expect the Italian government to respect the rules. The Maastricht criteria are binding on all, including Italy. That is why we can hardly understand the draft budget that Italy submitted to the European Union. We, in Austria, definitely will not pay someone else's debts," Kurz stressed following the EU summit in Brussels.

    He added that not only Austria expected Italy to comply with the Maastricht criteria, adding that "many other EU countries see it that way."

    Kurz also revealed his plans to discuss the issue with Italian Prime Minister Giuseppe Conte.


    Gazprom and OMV Sign Agreement on Assets Sales Following Putin-Kurz Talks
    Kurz Opposes Possibility to Apply for Asylum From Disembarkation Platforms
    Kurz Proposes to Send Migrants Rescued at Sea to States Outside Europe
    Debt, payment, budget, Sebastian Kurz, Italy, Austria
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik