EU works on disciplinary action over Italy debt, but could still avert it -Moscovici

Friday, 2019-06-14 14:12:19
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(Illustrative image). Italian Economy Minister Giovanni Tria blamed an economic downturn for the rising debt and vowed to respect the EU’s fiscal rules in the next budget.
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European Union economics commissioner Pierre Moscovici said the EU executive will continue preparations for a disciplinary procedure over Italy's rising debt, but remains ready to avert it if Rome made steps to comply with the bloc's fiscal rules.

Moscovici was speaking on June 14 after a meeting of euro zone finance ministers in which Italy's public finances were discussed. Italy risks an EU disciplinary procedure that could lead to fines.