24.6 C
New York
Thursday, August 11, 2022

EU’s Moscovici says sanctions possible if no deal with Italy on budget

EU's Moscovici says sanctions possible if no deal with Italy on budget© Reuters. European Economic Commissioner Moscovici talks to journalists during a press biefing after a weekly college meeting of the European Commission in Strasbourg

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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.

Source: Investing.com

Related Articles

Stay Connected

11,294FansLike
12,893FollowersFollow
748FollowersFollow
- Advertisement -

Latest Articles

Popular Articles