{"id":3535,"date":"2018-10-23T15:10:45","date_gmt":"2018-10-23T15:10:45","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/italy-budget-rejected-in-unprecedented-european-commission-move\/"},"modified":"2018-10-23T15:10:45","modified_gmt":"2018-10-23T15:10:45","slug":"italy-budget-rejected-in-unprecedented-european-commission-move","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/italy-budget-rejected-in-unprecedented-european-commission-move\/","title":{"rendered":"Italy budget rejected in unprecedented European Commission move"},"content":{"rendered":"\n
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\n PM Giuseppe Conte (L) and his two deputies – Luigi Di Maio and Matteo Salvini (R) have been told to revise their budget
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The European Commission has told Italy to revise its budget, an unprecedented move towards a EU member state.<\/p>\n

Italy’s ruling populist parties have vowed to push ahead with campaign promises including a minimum income for the jobless. But it has the second-highest national debt in the eurozone.<\/p>\n

The Commission said that was a “particularly serious non-compliance” with their recommendations.<\/p>\n

Italy now has three weeks to submit a new, draft budget to Brussels.<\/p>\n

Commission Vice-President for the Euro Valdis Dombrovskis said Italy’s response to the commission’s concerns was “not sufficient” to assuage fears and that the euro’s rules were the same for everybody.<\/p>\n

“For the first time the Commission is obliged to request a euro area country to revise its draft budgetary plan. But we see no alternative than to request the Italian authorities to do so.”<\/p>\n