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EU Takes First Step Toward Fining Italy on Budget: Italy Update

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Salvini's League Denies Any Budget Climbdown
Updated on

The European Union took a first step toward imposing fines on Italy after decreeing that the populist government’s spending drive violates the bloc’s fiscal rules. In the meantime, Deputy Prime Minister Matteo Salvini told reporters he was open to small tweaks in the budget while reassuring voters that he wouldn’t compromise on the main principles.

We are following developments in real time. Time stamps are for Brussels and Rome.