EU prepares the ground for disciplinary procedure over Italy debt  

  05 June 2019    Read: 307
EU prepares the ground for disciplinary procedure over Italy debt  

The European Commission concluded on Wednesday that Italy is in breach of EU fiscal rules because of its growing debt, a situation that justifies the launch of a disciplinary procedure, AzVision.az reports citing Reuters. 

The move paves the way for the actual opening of the proceedings next month, but Brussels insisted that the process could be blocked if Rome made sufficient fiscal commitments.

Italy averted the same procedure in December after a last-minute deal with the Commission in which Rome committed to a lower deficit this year - but Italian government officials now seem less prone to compromise after EU Parliament elections in May gave co-ruling far-right League a resounding win.

 


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