EU wants Italy to present a credible fiscal path for 2019, 2020 By Reuters



© Reuters. EU Commissioner Moscovici presents the EU executive’s economic forecasts in Brussels

BRUSSELS (Reuters) – Italy should present a credible fiscal path for this year and next if it still wants to avoid European Union disciplinary action over its rising public debt, European Economics Commissioner Pierre Moscovici said on Wednesday.

The European Commission said last week that Italy’s growing public debt broke EU rules, opening the way for a possible disciplinary procedure and a clash with Rome’s anti-austerity government.

“No one should be in doubt that we will apply those rules if the criteria are not fulfilled,” Moscovici told a news conference.

“So now clearly the ball is in Italy’s court. We need to see a credible path for 2019 as well as 2020. We stand ready to take into account any new elements that Italy may put forward, but let’s not waste time,” he said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *