Italian EconMin Tria: Government is not planning to breach EU 3% deficit limit

Italy's economic minister Giovanni Tria was out on the wires in the last hour, reinforcing earlier comments by 
Deputy Prime Minister Di Maio and said that the government is not planning to breach EU 3% deficit limit.

Key quotes:

   •  Planning to keep reducing the debt-to-GDP ratio.
   •  Italy won't want to worsen the structural debt situation.
   •  Italy's debt is fully sustainable and is on a downward path.
   •  Doesn't believe there is a problem with Italy's debt.
   •  Says that yields spread is to narrow when the government clarifies its budget plans.