Responsible and selective on budget policy says Giorgetti

(ANSA) - ROME, JUN 19 - Italy will be responsible and selective in its budget policy, Economy Minister Giancarlo Giorgetti said after the European Commission opened an excessive deficit procedure against Rome Wednesday.
    "This procedure was amply predicted and we will go forward on a path of responsibility," he said, stressing that "we will be responsible and selective".
    What resources there are, he stressed, would "inevitably" go to the most vulnerable and "exposed" individuals.
    He said that the government would confirm a labour tax wedge cut and this would not be "in deficit", and welcomed the new Basel rules on banks as a "step forward". (ANSA).