EU not poised to ask Italy to change 2020 budget - Dombrovskis


Reuters | Brussels | Updated: 29-10-2019 20:44 IST | Created: 29-10-2019 20:35 IST
EU not poised to ask Italy to change 2020 budget - Dombrovskis
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The European Union's economy commissioner Valdis Dombrovskis said on Tuesday that Brussels was not considering demanding changes to Italy's 2020 budget.

Under EU regulations, the bloc's executive European Commission - where Dombrovskis is a member in charge of the euro - could force countries to amend their budgetary plans if they were found to be in serious breach of fiscal rules.

Such a request should 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."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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