June 5, 2019 / 10:27 AM / 21 days ago

EU Commission says disciplinary procedure over Italy debt is warranted

BRUSSELS, June 5 (Reuters) - The European Commission has concluded on Wednesday that Italy is in breach of EU fiscal rules because of its growing debt, a situation that justifies the launch of a disciplinary procedure.

If European Union states back this assessment in the next two weeks, the EU executive could subsequently recommend to start the procedure, a move expected before a meeting of EU finance ministers in early July. (Reporting by Francesco Guarascio @fraguarascio; editing by Robin Emmott)

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