T he European Commission said on Wednesday that 11 European Union states were experiencing economic imbalances that should be addressed and from among these Italy, Cyprus and Croatia had “excessive” imbalances.
Brussels has warned Italy’s economy is suffering from severe imbalances, heightening tension between the EU and Rome after the triumph of populist Eurosceptic parties at its elections at the weekend, news outlets reported.
In its latest health-check of member states’ economies, the European Commission said Italy was one of two eurozone economies that are still experiencing “excessive economic imbalances” as a result of its high debt pile and slow progress […]
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