In the regular annual assessment of national budgets by European Commission, none of the 19 Eurozone state was found at “serious” risk of breaching EU fiscal rules. Though,

Commission Vice President Valdis Dombrovskis warned that “among the budgetary plans found at risk of non-compliance, the ones that concern us most are those with debt levels that are high and not reduced fast enough.” He explicitly pointed to Italy, France, Belgium and Spain.

And, he urged “all members states that are at risk of non-compliance with the (rules) to take the necessary measures within the national budgetary process to ensure that the 2020 budget will be compliant”. Though, for now, no immediate action is requested.

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