This article is brought to you in association with the European Commission. The Commission took stock today of the additional fiscal effort announced by the Italian authorities this week and concluded that it was material enough not to propose to the Council the opening of an Excessive Deficit Procedure (EDP) for Italy’s lack of compliance with the […]Commission concludes that an Excessive Deficit Procedure is no longer warranted for Italy at this stage
July 4, 2019 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission took stock today of the additional fiscal effort announced by the Italian authorities this week and concluded that it was material enough not to propose to the Council the opening of an Excessive Deficit Procedure (EDP) for Italy’s lack of compliance with the […]Italy’s revised budget remains roughly unchanged waiting for Europe’s fury
November 14, 2018 by Leave a Comment
The Italian government concluded its revised budget a few hours ago and as expected the Italian budget plan remained the same with small amendments, such as plans to sell off some government real estate, but still is not respecting the EU fiscal rules. The latter is most likely not going to be left unanswered by the […]The EU slowly exits from “Excessive Deficit Procedure” and hopefully from ‘Excessive Austerity Procedure’ too
June 6, 2014 by 2 Comments
Earier this week, on the 2nd of June, the European Commission (EC) decided to recommend to the EU Council of Finance Ministers to close the Excessive Deficit Procedure (EDP) for six countries. The reason why Austria, Belgium, Czech Republic, Denmark, the Netherlands and Slovakia must exit EDP is because these countries managed to lower their […]It’s a week dedicated to all EU budgets; seven days that can make or break the Union
November 11, 2013 by Leave a Comment
All EU member states budgets including the EU’s proper one will be under scrutiny this week in Brussels. Let’s start from the Union’s own budget for 2014. Today Monday, a Conciliation Committee, made up by the 28 representatives of the member states and 28 European legislators, has to agree on EU’s budget for 2014. Earlier […]
