• European Commission says Italy's growing debt justifies the launch of a disciplinary procedure

Market news

5 June 2019

European Commission says Italy's growing debt justifies the launch of a disciplinary procedure

  • EC triggers disciplinary process against Italy over public debt
  • Warns about Italian debt increasing due to "snowball effect"
  • Says Italy is backtracking from structural overhauls, pension reform
  • Also says Greece fiscal measures are a cause of concern

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