Italy aims to convince the EU to delay until the autumn a decision on whether to...
ROME - Italy aims to convince the EU to delay until the autumn a decision on whether to open a disciplinary procedure over its finances, which are expected to look healthier after tax revenue data in July, four coalition sources said on Wednesday.
The executive Commission said last week that action against Rome was warranted because its debt had risen in 2018 instead of falling as promised, and would continue to do so this year and next. Economics Commissioner Pierre Moscovici said on Wednesday that Brussels wanted Italy to present “a credible path” for its finances this year and next, and called for quick decisions.
“The longer the negotiations continue, the more chance we have of getting a positive outcome,” one source said. All EU institutions are closed in August, so the decision should therefore be taken by the end of July.
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