PUNCHESTOWN RACECOURSE, Ireland (AFP) ??” The European Commission is to commend disciplinary measures against Italy and the Netherlands nearest week for breaching strict eurozone governmental estimate rules.
The EU executive will solicit the launching of a so-called excessive deficit practice against the Netherlands for breaching the three percent of GDP ceiling upon public deficits set by the eurozone's Stability and growing Pact.
Italy will meanwhile face an early warning from one side of to the other its deficit, which is reportedly put to reach 3.2-3.3 percent of GDP this year, sources said Saturday ahead of the commission's publication Wednesday of spring economic forecasts.
"Italy is almost certain to learn an early warning when the commission
Read the glutted article with a Free Trial at KeepMedia....