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EU gets budget letter from Italy, prepares answer

The European Union says a letter of the Italian government explaining its 2019 budget proposals has arrived, the latest step in a dispute between the two on the issue

Reported by: AP Published on: October 22, 2018 16:30 IST
EU gets budget letter from Italy, prepares answer
Image Source : AP EU gets budget letter from Italy, prepares answer

BRUSSELS (AP) — The European Union says a letter of the Italian government explaining its 2019 budget proposals has arrived, the latest step in a dispute between the two sides on the issue.

Italy's plans have widely been criticized by many EU leaders and the Commission chief as being out of line with the bloc's spending constraints. It wants to increase spending, but that will keep it from lowering debt as promised.

Margaritis Schinas, the European Commission spokesman, said Monday that the letter "has just arrived" and added that on Tuesday "the Commission will discuss the procedure and will determine" its next steps.

The Commission handed Italy a stinging letter last week warning that the nation's significantly higher deficit targets represented a deviation "unprecedented in the history" of EU budget rules.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
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