BRUSSELS | EU calls for sanctions against Italy over budget

21Nov - by Editor - 0 - In STL.News



BRUSSELS — The European Commission warned Italy on Wednesday that its budget plans are in serious breach of the rules underpinning the euro single currency and said that the country should face sanctions.

The European Union’s executive arm, which supervises national budget plans, has invited eurozone countries to examine its assessment in two weeks and, if they agree with it, the Commission would launch an “excessive deficit procedure” that could result in fines for Italy.

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