EU reaches deal with Italy on budget
Wednesday, December 19, 2018 | Tag Cloud Tags: EU, Euro, Europe, News, War, Washington, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – The European Commission says it has reached an agreement with Italy to avert legal action over the country’s budget plans, which the EU’s executive arm had warned could break euro currency rules.
European Commission Vice President Valdis Dombrovskis said Wednesday that the “agreement is not ideal” but allows the Commission to avoid legal action against Italy – “provided that the measures are fully implemented.”
The threat of action is not rare in EU terms but it came amid growing tension between the Commission and Italy’s populist government, which had vowed to resist any pressure from Brussels. [ Source: Washington Times (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.