UPDATE 1-EU not seeking to ask Italy to change 2020 budget -Dombrovskis
The European Union's euro economy commissioner Valdis Dombrovskis said on Tuesday that Brussels was not considering asking for changes to Italy's 2020 budget.
Under EU regulations, the European Commission can force countries to amend their budgetary plans if they are found to be in serious breach of fiscal rules. Such a request would be made by the end of October, if at all. But Dombrovskis told a conference in Brussels: "This is not what is currently being considered."
Last week, the Commission asked Rome for clarifications on its draft budget over a planned rise in spending. The Commission will continue assessing the Italian budget in the coming weeks, Dombrovskis said.
A report on Rome's compliance with EU rules will be issued on October 20, EU officials said, alongside reports on the budgets of other eurozone countries. Last week, another EU commissioner, Pierre Moscovici ruled out a repeat of last year's clash when Brussels requested changes to the Italian budget amid a row that rattled markets.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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