The European Commission will ask Italy on Wednesday to explain what factors cont...
BRUSSELS - The European Commission will ask Italy on Wednesday to explain what factors contributed to the deterioration of its public finances as the EU executive prepares a report that is likely to be the basis of disciplinary action against Rome.
Italy’s debt rose from 131.4% of GDP in 2017 to 132.2% in 2018 and will go up to 133.7% this year and to 135.2% in 2020, according to Commission forecasts. “The letter to Italy will be sent in the afternoon after the meeting of the college of commissioners,” one EU official said.Under a compromise struck with Rome late last year, which the Commission then called “borderline”, Italy was allowed to keep its structural deficit unchanged with a marginal easing in debt in 2019, based on an optimistic economic growth assumption.
The report, to include “relevant factors” that may have contributed to the deterioration according to Italy, is likely to conclude that the EU should open a disciplinary procedure against Rome on the basis of the rising debt, officials have told Reuters.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
European Union | Reuters.com‘I’m ready to deliver Brexit. I’m ready to take Britain out of the European Union,’ says British Environment Minister Gove after the Conservative party suffered heavy blows in the EUElections2019. Follow our coverage:
Lire la suite »
EU could slap 3 billion euro fine on Italy for excessive debt: SalviniThe European Commission could impose a 3 billion euro fine on Italy for breaking...
Lire la suite »
Isolated Italy excluded from EU top jobs race, faces pressure over debtItaly risks a rude awakening in the race for top European Union jobs as it faces...
Lire la suite »
European stocks rise as EU supporters do well in election despite populist swellStocks rose in Europe, after a mixed day in Asia, as pro-EU forces retained a majority in the 28-nation bloc's parliament despite the rise of nationalist parties in a region-wide vote.
Lire la suite »
Dutch minority party Denk fights for a stronger pro-European EUThe Dutch party and movement Denk is making its debut in the European Parliament elections with an inclusive agenda of fair distribution of refugees, an anti-racism tax law and countering Euroscepticism.
Lire la suite »
EU vote points to less ambitious euro zone integration, more Italy budget clashesThe results of the European parliamentary election are likely to lead to less am...
Lire la suite »
European trade policy seen going greener after EU parliament voteThe rise of the Greens, the 'Greta effect' of a young Swedish climate ...
Lire la suite »
Denied my vote: EU citizens in UK report being barred from voting in European electionsThe hashtag deniedmyvote is trending on social media as EU citizens in the UK report being disbarred from taking part in the European elections.
Lire la suite »
European pilots urge EU regulator to conduct independent review of Boeing 737 MaxEuropean pilots are urging the EU's aviation regulator to conduct an independent and thorough review of the Boeing 737 Max before it flies again. The planes have been grounded since mid-March following two fatal crashes within five months of one another.
Lire la suite »
Nationalists surge in EU Parliament, but pro-EU parties remain dominantPro-European parties kept a firm grip on the EU parliament on Monday as liberal ...
Lire la suite »
EU citizens angry at being denied a vote in UKHundreds of EU citizens trying to cast their vote for the European Parliament el...
Lire la suite »