The European Commission will take the unprecedented step of rejecting a national budget later this month if the Italian government does not improve its announced deficit figures, EU officials told EURACTIV.
The Italian government on Thursday (4 October) dismissed concerns that the European Commission would reject its plan to raise deficit spending next year and signalled that it would not backtrack, even under market pressure.
Eurozone finance ministers and the European Commission called on the Italian government on Monday (1 October) to respect the EU’s fiscal rules, saying the “non-compliant” budgetary plan announced by the third largest eurozone economy could destabilise the region.
The European Union on Friday (28 September) issued a stern warning to Italy's populist leaders following their defiant pledge to increase spending and run a budget deficit that risks putting Rome on a collision course with Brussels.
Italy's government on Thursday (27 September) targeted the budget deficit at 2.4% of gross domestic product for the next three years, defying Brussels and marking a victory for party chiefs over economy minister Giovanni Tria, an unaffiliated technocrat.
The Party of the European Left vows to be “the only alternative” to the conservatives and “the real alternative” to the far-right, according to a draft manifesto seen by EURACTIV.com; However, the fragmentation in the leftist family creates barriers.
African emigrants are defying a campaign by Morocco to keep them away from land and sea crossings to Spain, which has become the main entry point to Europe for migrants and refugees following crackdowns elsewhere.
Luigi Di Maio, a key figure in Italy's populist government, has taken aim at the country's newspapers, accusing them of "polluting the debate" and threatening to pull advertising by state-owned companies.
Budget Commissioner Günther Oettinger flew to Rome on Thursday (13 September), as part of a series of official visits he is doing to present the long-term EU budget (MFF) proposal. But he only talked to Italian deputy Prime Minister Luigi Di Maio, leader of the Five Star Movement.
Party leaders in the Italian coalition government signalled they will seek leeway from the EU to increase next year's budget deficit, heading on a collision course with the European Commission and investors who want it cut.
Italy's new anti-establishment government sent contradictory signals to financial markets on Sunday (2 September) amid increasing concern Rome could breach EU spending limits as it comes under pressure to fulfil its anti-austerity electoral promises.
Italy demanded on Thursday (30 August) the EU find other ports to disembark migrants rescued in the Mediterranean, suggesting it would withhold support for the EU naval mission against people-smuggling unless other countries take in survivors.
EU foreign policy chief Federica Mogherini said on Thursday (30 August) "there is no consensus on practical solutions" to migration at the moment and urged member states to show more responsibility towards migrants in the Mediterranean.
Italian bond yields matched their highest level over Spain since 2012 on Friday (24 August) as the economic and fiscal trajectories of the two countries diverge and investors ignored supportive comments for Italy from US President Donald Trump.
The European Commission said on Friday (24 August) it will not bow to threats such as those made by Italian deputy prime minister Luigi Di Maio, who warned his country could stop paying into the EU budget unless other member states agreed to take in migrants held on a coastguard ship in Sicily.
The European Commission has called a meeting today (25 August) after Italian Deputy Prime Minister Luigi Di Maio said his party would vote to suspend funding to the EU unless other member states agreed to take in migrants being held on a coastguard ship in Sicily.
The European Union is unlikely to heed London's call for it to match the latest US sanctions against Moscow over an attack on a former Russian spy in Britain earlier this year, diplomats in Brussels said.