European Commission advances first sanctions against Italy for excessive deficit – The Economic Journal

European Socialists are already campaigning for the May elections - The Economic Journal


The European Commission will press ahead with sanctions against Italy after the Italian government has refused to change its forecasts for economic growth and deficit to 2019, Euronews reports.

The sanctions should be announced on November 21. Brussels had demanded changes and Italian vice-premier Matteo Salvini proved to be irreducible.

It is recalled that in October the European Commission rejected Italy's plan to increase its to 2.4%, and said that the country's growth estimate was very optimistic.

Following these criticisms, the Italian Government was given a period of time to present its arguments, which expired at midnight on Tuesday.



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