EC to delay budget procedure against Italy - report - Breaking The News

EC to delay budget procedure against Italy - report

24 June

1 min read

EPA-EFE / MATTIA SEDDA

The European Commission will postpone the official launch of a procedure against Italy over the country's fiscal policies, the Financial Times reported. These disciplinary proceedings were previously due to start after the European Union's central body meeting on Tuesday.

According to two sources familiar with the matter, this decision may give Rome the time to align its spending plans with Brussels' recommendations.

Previously, the European Commission warned that Italy was in need of a "substantial" deficit correction for this year and 2020.

italy budget

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