Italy's Tria: Many other countries have not respected EU fiscal rules in past

Speaking to reporters following his meeting with eurozone finance ministers and EU economics commissioners, Italy's finance minister Giovanni Tria said that the number of EU member states respecting the EU fiscal rules 'very small,' as reported by Reuters. 

"This does not mean that we should not respect the rules," Tria added and told reporters that he explained the rationale of their budgetary plans during the talks.