Italy likely to avoid EU infringement procedure: paper

MILAN (Reuters) – The European Commission is unlikely to open an infringement procedure against Italy for public finance slippage but will probably request a correction of this year’s budget, daily La Repubblica reported.

The paper said opinions differed among Commission members over the need to sanction Italy with President Jean Claude Juncker and Economic Affairs Commissioner Pierre Moscovici opposing a move against the euro zone’s third-biggest economy ahead of a European Parliament’s election on May 26.

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.