EU says Italy at risk of breaking budget rules

EU says Italy at risk of breaking budget rules
The draft budgets for Italy, Spain, Portugal, Belgium, Cyprus, Lithuania, Slovenia and Finland "pose a risk of non-compliance with the requirements for 2017." Image Source: AFP

The European Commission said Wednesday that draft budgets from Italy and seven other eurozone countries risk breaking EU rules, setting up a row with Prime Minister Matteo Renzi ahead of a crucial referendum.

The Commission, the EU`s executive arm, said the draft budgets for Italy, Spain, Portugal, Belgium,Cyprus, Lithuania, Slovenia and Finland "pose a risk of non-compliance with the requirements for 2017."

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Written By: AFP
Updated: Wed, Nov 16, 2016
05:32 PM IST
AFP

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