Economics
Italy May Force the EU Into an Unprecedented Budget Rebuke
- Commissioners to decide Tuesday on response to Italian deficit
- Italy calls for dialogue over budget in letter to EU
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The European Commission will likely decide Tuesday on whether to formally demand a member state to take back, revise and resubmit its budget, a step it has never taken before.
Vice President Valdis Dombrovskis and economic affairs chief Pierre Moscovici have already stated that Italy’s budget is in serious breach of European Union rules and asked the populist government to change tack. Italy, so far, has refused.