• In an unprecedented move, the EU rejects Italy's new budget plan

    24 days ago - By CNBC

    Italian bond yields have risen while Milan-listed stocks have also sold off.
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  • EU Commission rejects Italy budget, demands new version

    24 days ago - By Reuters

    The European Commission has rejected Italy's 2019 budget and will ask Rome to present a new document within three weeks. David Pollard reports.
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  • The EU just formally rejected Italy's budget, putting Rome and Brussels on a collision course

    The EU just formally rejected Italy's budget, putting Rome and Brussels on a collision course

    24 days ago - By Business Insider

    European Union formally rejects Italy's budget plans, an unprecedented move.
    Speaking on Tuesday afternoon, Valdis Dombrovskis, the European Commission vice-president responsible for the euro said that Brussels had "no alternative" but to reject the proposals.
    Italy has proposed increasing its budget deficit to levels far above those previously agreed.
    The European Union on Tuesday formally rejected Italy's proposed budget, a highly unusual move which threatens to spark chaos within the eurozone.
    The budget proposes increasing both Italy's overall government debt and its deficit in the...
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  • E.U., in a First, Rejects Italy's Proposed Budget

    24 days ago - By NY Times

    The European Commission, the bloc's administrative body, told Rome that it would have to rewrite its draft 2019 budget and reduce its deficit or face heavy fines early next year.
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