Italian Deputy Prime Minister Matteo Salvini said today that European Commission could impose a EUR 3B penalty on the country, for breaking EU fiscal rules. This is in line with other reports that the Commission is ready to start disciplinary steps against Italy on June 5. The actions will likely be confirmed should the Commission send a warning letter to Rome this week.
Salvini said, “let’s see if we get this letter where they give us a fine for debt accumulated over the past and tell us to pay 3 billion euros.” He also pledged earlier, after his far-right League party triumphed in European elections on Sunday , to use “all my energies” to fight his perceived outdated and unfair European fiscal rules.
