Thursday, December 01, 2016

#ITALY: Proposed Budget Violates EU Rules, EU Officials Warn

[world politics news]


Italian deputies have voted overwhelmingly in favor of a draft 2017 budget that the European Commission has warned will breach EU rules on the management of public finances.
A vote of confidence designed to curtail debate on the first reading of the budget bill was carried by 348-144 votes, making its definitive approval by the lower house of parliament on Monday a formality. Italy was one of eight Eurozone countries warned last week that they could face fines and restricted access to funds from Brussels over their failure to stick to the EU's Stability Pact rules.

[FULL STORY HERE]


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