EU Not Seeking to Ask Italy to Change 2020 Budget

The European Union's euro economy commissioner Valdis Dombrovskis said on Tuesday that Brussels was not considering asking for changes to Italy's 2020 budget, the International New York Times reported on a Reuters story. Under EU regulations, the European Commission can force countries to amend their budgetary plans if they are found to be in serious breach of fiscal rules. Such a request would 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." Last week, the Commission asked Rome for clarifications on its draft budget over a planned rise in spending. The Commission will continue assessing the Italian budget in coming weeks, Dombrovskis said. Read more