Italy: EC paves way for excessive deficit procedure

Erste Group
Door juni 8, 2019 04:02

Italy: EC paves way for excessive deficit procedure

This week, the European Commission concluded that a debt-based Excessive Deficit Procedure (EDP) against Italy is warranted. However, the final decision on whether to open proceedings against Italy will be taken by finance ministers and heads of government in the coming weeks. If Italy’s government is not prepared to make any substantial concessions, there are hardly any rational reasons why the heads of government should not follow the Commission’s recommendation. If an EDP is opened, Italy’s finances will be even more closely monitored by Brussels and fines could also be imposed. 

Erste Group
Door juni 8, 2019 04:02

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