BRUSSELS (Reuters) – The European Union could impose sanctions on Italy if no deal is reached on the country’s budget for next year, the bloc’s commissioner for economic affairs said on Tuesday.
“I want a dialogue, but sanctions can be finally applied if we do not reach an agreement,” Pierre Moscovici told reporters on Tuesday on the sidelines of a meeting of EU finance ministers.
Rome’s budget draft is considered by Brussels to be in breach of EU fiscal rules.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.