EU Rejects No Budgets After France, Italy Last-Ditch Bids
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The European Union said no nation has broken EU budget rules by a big enough margin to warrant immediate action, a move that gives France and Italy more time to win approval for their draft spending plans.
“After taking into account all of the further information and improvements communicated to us in recent days, I cannot immediately identify cases of particularly serious non-compliance which would oblige us to consider a negative opinion at this stage in the process,” European Commission Vice President Jyrki Katainen said in a statement.