Economics
EU Drills Into Italy’s 2020 Deficit Before Decision on Sanctions
- Official sees progress for 2019, next year remains a problem
- Conte, Juncker may meet at G-20 to push for a compromise
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The European Commission is focusing on Italy’s 2020 deficit projections as the key element to determine whether it will open disciplinary proceedings next week.
The latest information sent by Rome shows progress toward meeting budget targets for this year but not for the next, an official familiar with the negotiations said.