EU again rejects Italy budget

EU again rejects Italy budget

Published21 Nov 2018, 12:34 PM IST
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1 min read
Brussels, Nov 21 (IANS) The European Commission on Wednesday rejected Italy's draft budgetary plan for 2019 again, paving the way for disciplinary procedures against the eurozone's third-largest economy.
European Commission Vice President Valdis Dombrovskis said in a press briefing that "with regret, that today we confirm our assessment that Italy's draft budget plan is in particularly serious non-compliance with the Council recommendation of July 13," Xinhua news agency reported.
"We conclude that the opening of a procedure for excessive deficit based on the debt is thus warranted," Dombrovskis added.
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(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

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