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EU Should Offer Italy ‘Leeway’ Over Budget Or Risk COLLAPSE – ‘Whole Project Will DIE!’

  • EU Should Offer Italy ‘Leeway’ Over Budget Or Risk COLLAPSE – ‘Whole Project Will DIE!’
    by LEVI WINCHESTER, https://www.express.co.uk/
    A FURIOUS row between Italy and European Union chiefs over Rome’s financial budget risks collapsing the entire EU project unless some “leeway” is given, according to a financial strategist. Italian officials have declared they are “proud” of their budget after being forced to come out fighting against Brussels in defence of the spending plans.

    The EU has taken several swipes at Italy as their war of words rumbles on, with claims Rome could be set to breach EU rules after the Rome cabinet signed off the budget on Monday. Italy has been at loggerheads with EU chiefs over proposals for a deficit goal of 2.4 percent of GDP for 2019 – a figure that is three times the previous administration’s target. The indebted nation has a nominal GDP of €1.89trillion in 2018, indicating a deficit goal of roughly €45billion.

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October 20, 2018 - Posted by | Economics, GeoPolitics | , , , ,

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