EU signals possible legal action against Italy over budget

November 21, 2018 - 5:46 am
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BRUSSELS (AP) — A top EU official says Italy's draft budget for next year is in breach of the rulebook underpinning the euro and he is signaling the start of a legal procedure against the country over the spending plan.

European Commission Vice-President Valdis Dombrovskis told reporters Wednesday that "Italy's draft budgetary plan is in particularly serious non-compliance."

He said that "with what the Italian government has put on the table, we see a risk of the country sleepwalking into instability."

Dombrovskis signaled that the Commission, which supervises the budget plans of European Union member states, could start a so-called "excessive deficit procedure" over Rome's spending package.

The move ramps up tensions between the Commission and Rome's populist government.

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