BRUSSELS (AP) – The European Commission said Wednesday it has reached an agreement with Italy on its budget plans, which the EU’s executive arm had warned could break the euro’s rules and lead to legal action.
European Commission Vice President Valdis Dombrovskis said the "agreement is not ideal" but allows the Commission to avoid legal action against Italy, "provided that the measures are fully implemented."
The Commission, which supervises the budgetary plans of EU countries to ensure they respect the euro rule book, said it had been reassured by new fiscal measures provided by the Italian government on Wednesday. Italy’s revised […]
Full Post at www.pahomepage.com