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- EU could slap 3 billion euro fine on Italy for excessive debt - Italian Deputy Prime Minister Salvini
EU could slap 3 billion euro fine on Italy for excessive debt - Italian Deputy Prime Minister Salvini
The European Commission could impose a 3 billion euro fine on Italy for breaking EU rules due to its rising debt and structural deficit levels, the country's Deputy Prime Minister Matteo Salvini said.
Salvini, whose far-right League party triumphed in European elections on Sunday, said he would use "all my energies" to fight what he said were outdated and unfair European fiscal rules.
Two eurozone officials told on Monday that Brussels was likely to start disciplinary steps against Italy on June 5 over its public finances. A warning letter from the Commission is expected to be sent to Rome this week.
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