Monday , June 27 2022

Eurogroup closes behind Commission against Italian government


Italy looks continue the collision course EU. When the Eurozone meeting of other Eurozone countries' finance ministers went to Monday, there were empty calls to follow the EU Commission's call and to propose a new budget proposal next week.

Bruno Le Maire, Finance Minister of France, among other things, argued that budget fraud could jeopardize the euro, while the euro group chairman and finance minister Mario Centeno said he hoped the Italian government would revise the proposal.

This message was repeated During the press conference after the meeting.

Speaking at a press conference with Klaus Regling, chairman of the economic commission Pierre Moscovici last Monday and the president of the European Financial Stability Fund EFSF, Mario Centeneo said, "The Commission of Ministers ultimately supports and encourages them to work closely with the Commission in Italy. . " Said.

It confirmed An extraordinary Eurogroup meeting will be held on November 19, but the Eurogroup will focus on issues outside Italy. Two days later, the European Commission will once again take a place on Italy's budget proposal.

Pierre Moscovici, the EU commissioner, welcomed the support of other eurozone countries and stressed that the budget is not on the one hand the democratically elected leaders on the one hand and "uncertain, unknown bureaucracy" on the other. He said the EU Commission is available for dialogue with the Italian government for a new budget proposal by next week.

"The ball is now on the plane of Italy," said Pierre Moscovici. Said.

Italy's Finance Minister Giovanni Tria refused to leave any comments on the way to the meeting. In an interview with the British daily Financial Times, published on Sunday, however, Luigi Di Maio, leader of the Five-Star Movement Party, showed no signs of support.

Luigi Di Maio, "If the recipe is working here, it will be said at European level: Italy should use the recipe for all other countries," said Luigi Di Maio.

Last Tuesday Italy needs to present a new draft budget. If the Italian Government continues to persevere, it may cause the EU Commission to penalize a Member State for the first time in which it violates the Union rules.

The EU Commission is considering a decision to punish Italy next week, according to Policy Policy, a few weeks later. The process may start earlier, focusing on the country's major debts rather than the budget deficit that the government has proposed for 2019.

Source link