BRUSSELS | Eurozone ministers urge Italy to respond to budget demands



BRUSSELS  — European finance ministers urged Italy on Monday to respond to European Commission demands that it submit a new budget plan after the EU’s executive wing rejected Rome’s original spending package.

The Commission supervises EU countries’ budget plans and it believes that the blueprint submitted by Italy’s populist government for next year is not in line with the rules and breaks Rome’s promises to lower public debt.

Arriving to chair a meeting of finance ministers from the 19 countries using the euro, Mario Centeno said he hopes Italy will take steps to bring the plan “in line with our fiscal rules.”

French Finance Minister Bruno Le Maire said: “We share the evaluation of the European Commission.

Continue reading BRUSSELS | Eurozone ministers urge Italy to respond to budget demands at STL.News.



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