European Commission is concerned about high Italian government debt

22 Nov 2017 02:04 PM

The European Commission expressed its concern about the rise of the Italian government debt and its comments were as follows:
•    Government debt in Italy does not fall as EU rules require.
•    We will reassess Italy's compliance with EU debt reduction requirements in spring of 2018.
•    The draft budget in France faces the risk of breaking the rules and does not reduce the size of the debt as it should.
•    Spain's budget draft for 2018 is in line with European Union rules.
•    The EU wants to reduce Britain's excessive deficits.
•    The EU recommends a broadly neutral fiscal stance for the euro zone in 2018.
•    12 countries in the European Union, as in the past year, face macroeconomic imbalances.
•    Investment in EU countries must be enhanced.
•    EU countries should intensify their efforts to combat aggressive tax plans.

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