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EU orders Italy to tackle debts or face SANCTIONS as deficit reaches ALL TIME HIGH

BRUSSELS has threatened to hit Italy with stinging sanctions if the beleaguered country doesn't implement unpopular austerity measures.

Rome is now under pressure to adopt reforms, which could fuel further support for eurosceptic parties.

Italy's eye-watering public debt is set to rise to an all-time high of 133.3 per cent of GDP this year from 132.8 per cent in 2016.

Alarmed by the growing weight of money owed on the economy, the European Commisssion has ordered the Government to put in measures worth at least 0.2 per cent of its GDP - or risk penalties.


http://www.express.co.uk/finance/city/770722/Brussels-orders-Italy-to-tackle-debts-or-face-SANCTIONS

 

"Before you embark on a Journey of Revenge, Dig Two Graves" Confucius (504 bc)
“The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis.”
"If angry, count to ten. This will give you time to find a weapon." - Will Spencer

Comments

  • Lynsey_ADMIN_Lynsey_ADMIN_ Administrator
    EU Logic.. bring your debt down.. or we will increase your debt by billions!
    "Before you embark on a Journey of Revenge, Dig Two Graves" Confucius (504 bc)
    “The darkest places in hell are reserved for those who maintain their neutrality in times of moral crisis.”
    "If angry, count to ten. This will give you time to find a weapon." - Will Spencer
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