Bossy Euro rulers veto Italy budget
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.