Italy's Euroskeptic government remains defiant after the European Commission rejected its proposed annual budget. Italy missed a deadline last week to reply to the Commission's objections to its budget, which increases borrowing and spending past the EU's limits.
The Commission, worried by the impact of high spending on Italy's high levels of debt, had told Rome to revise the budget or face possible fines. The warning to Italy, the eurozone's third-biggest economy, is an unprecedented move with regard to an European Union member state.
Populist Deputy Prime Minister Matteo Salvini complained to reporters about the EU's actions, saying, "Seeing as we pay for our membership of this club we want this club to treat us with respect."
Pictured: Italy's co-Deputy Prime Ministers Luigi Di Maio (left) and Matteo Salvini.
[FULL STORY HERE AND HERE]
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