Tripling Public Spending News Today

A correspondent in istanbul. thank you. well it is a showdown over money and creating new debt the european commission formally rejected today italys twenty one thousand budget due to breaching e.u. budget rules and this is the first time the european commission has taken such a dramatic drastic step having avoided sanctioning both france and germany in the past when they breached the same rules the decision means that under the excess deficit procedure rome will be given another three weeks to ...

Deficit procedure rome will be given another three weeks to reconsider and revise its spending plans at more than two trillion euros italys national debt is the highest in the european union now that is one hundred and three percent of gross domestic product there are fears that any increase could unleash another euro crisis italys said that it is willing to talk but it says the economy needs a boost so he plans to stick to that project of tripling public spending next year . italys leaders may ...