Tria’s Balancing Act Leaves Investors Concerned About Italy’s Government

Italy’s Finance Minister Giovanni Tria spelled out his fiscal balancing act as the clock ticks down for the government’s decision on its fiscal targets and the ruling coalition’s leaders renew their demand for more spending.

Addressing the Italian business community at a Bloomberg-organized conference in Milan on Tuesday, Tria highlighted priorities including a reduction in the income tax burden and improving social protection for the poor. The finance chief also said he’s aiming for a “manageable budget impact” with an emphasis on more public investment.