Bossy Euro rulers veto Italy bud­get

Midweek Sport - - NEWS -

THE Euro­pean Com­mis­sion has VE­TOED Italy’s bud­get – an un­prece­dented move to­wards a EU mem­ber state and a sign of the Union’s grow­ing bossi­ness.

Italy’s rul­ing pop­ulist par­ties have vowed to push ahead with cam­paign prom­ises in­clud­ing a min­i­mum in­come for the job­less.

But it has the sec­ond-high­est na­tional debt in the eu­ro­zone.

The Com­mis­sion said that was a “par­tic­u­larly se­ri­ous non-com­pli­ance” with their rec­om­men­da­tions.

Italy has three weeks to sub­mit a new draft bud­get to Brus­sels.

De­fi­ant prime minister Giuseppe Conte (above) in­sisted ear­lier that the bud­get deficit would go no higher than 2.4% of the coun­try’s GDP, although it is three times the deficit tar­get of the pre­vi­ous gov­ern­ment.

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