EU said to be planning to censure Italy over ‘absence of prudent budget policies’
Italy narrowly averted such disciplinary action late in 2018, when it reached an agreement with the European Commission over its 2019 budget
05 June 2019 - 11:21
Milan — The European Commission will launch disciplinary procedures against Italy on Wednesday with a letter stating that Rome’s fiscal policies lack prudence and could expose the nation to a shock loss of market confidence, newspaper La Repubblica said.
The newspaper quoted from what it said was a draft of a letter to be sent to the Italian government, which has embarked on major new welfare initiatives in an effort to boost the eurozone's third-largest economy...
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