Home Business Life EU sanctions Italy

EU sanctions Italy


After  Italy’s reluctant behavior on reducing its fiscal deficit, The European Union is planning on sanctioning the country.


Italy submitted its 2019 draft budget to the European Commission last month.


The draft includes major spending measures such as guaranteed monthly income for jobless people and de-facto lowering of the pension eligibility age.


The commission rejected the budget, stating it would worsen the country’s deficit.


Italy made no significant revisions on the resubmitted budget, contrary to the commission’s request.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


Please enter your comment!
Please enter your name here