Economics
EU Warns Italy's Populists to Stay the Course of Fiscal Prudence
- European Commission’s Dombrovskis comments in TV interview
- Commission releases economic policy recommendations for states
This article is for subscribers only.
The European Commission urged Italy to stay on the path of fiscal responsibility, warning that high debt levels leave little room for economic experimentation.
With markets already stunned by the radical policy platform presented by the populist alliance of Five Star Movement and the League parties, commission Vice President Valdis Dombrovskis said “our message is that Italy should continue with responsible fiscal policies, continuing to reduce both the budget deficit and public debt.”