EC Rejects Italy's Budget Again

World » EU | November 21, 2018, Wednesday // 14:09| Views: | Comments: 0
Bulgaria: EC Rejects Italy's Budget Again pixabay.com

The European Commission has again rejected Italy’s draft budget for 2019, according to the Guardian. 

In an escalation of the row between Brussels and Rome, the EC has ruled that Rome has “seriously violated” debt rules, and will begin disciplinary procedures.

Italy’s populist government has refused to succumb to pressure to change its deficit target of 2.4% of GDP as it seeks to move forward with election campaign promises, such as introducing a universal basic income, cutting taxes and lowering the retirement age.

In response to the news of disciplinary action, Matteo Salvini, Italy’s deputy prime minister and leader of the far-right League, said: “A letter from the EU? I’m also waiting for one from Father Christmas.”

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Tags: European Commission, Italy, budget
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