BRUSSELS REJECTS ITALY BUDGET, PAVES WAY FOR SANCTIONS

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The European Union took the first step on Wednesday toward fining Italy after ruling that Rome’s spending drive violates the bloc’s fiscal rules.
In a report on Italy’s debt, the European Commission said that it has rejected the Italian government’s budget plan for 2019.

“The Commission confirms the existence of a particularly serious case of non-compliance,” the EU said in its annual review of euro-area nations’ spending plans referring to Italy’s 2019 budget. “With what the Italian government has put on the table, we see a risk of the country sleepwalking into instability.” ..

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www.rt.com/business/444530-brussels-rejects-italy-budget/

Yay. Italy’s no Greece. They’ll tell them where to stick it, leave the euro currency, and the stinking EU will tank.

 

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Tess

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