Italy's Deputy PM Di Maio rules out government reshuffle: paper

FILE PHOTO: Italian Deputy Prime Minister and 5-Star Movement leader Luigi Di Maio leaves after casting his vote in the European election
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ROME (Reuters) - Italy's Deputy Prime Minister Luigi Di Maio on Thursday ruled out a government reshuffle and reiterated that cutting taxes is the coalition's priority.

The European Union moved closer on Tuesday to taking disciplinary action over Italy's growing debt, a procedure that could saddle the country with large fines and alienate investors.

"Will do what Italians need," Di Maio told Il Corriere della Sera in a interview when asked if the government would finance planned tax cuts by increasing its budget deficit.

(Reporting by Giselda Vagnoni; editing by Darren Schuettler)