Italy EconMin Tria: No need for budgetary adjustment

Italian Economy Minister Giovanni Tria recently crossed the wires arguing there was currently no need for a budgetary adjustment.

Key quotes (via Reuters)

• Macroeconomic fundamentals do remain positive.
• GDP growth could pick up again soon.
• If deficit increase is due to growth slowdown, so structural deficit goal agreed with EU is not affected.
• Italy needs to boost public and private investments.