Euro area Finance Ministers call on Italy to take action to comply with European budgetary rules and to avoid opening infringement proceedings in July for increasing Italian public debt and the structural deficit slippage (excluding the impact of the economic situation) (see EUROPE B12274A2).
“The Eurogroup followed the opinion of the Economic and Financial Committee (of the Council of the EU) where there is agreement with the Commission that a debt-based procedure is warranted. And...