BRUSSELS REJECTS ITALY BUDGET, PAVES WAY FOR SANCTIONS

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.” ..

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.

 

Tess

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