The draft budgets for Italy, Spain, Portugal, Belgium, Cyprus, Lithuania, Slovenia and Finland "pose a risk of non-compliance with the requirements for 2017." Image Source: AFP
The European Commission said Wednesday that draft budgets from Italy and seven other eurozone countries risk breaking EU rules, setting up a row with Prime Minister Matteo Renzi ahead of a crucial referendum.
The Commission, the EU`s executive arm, said the draft budgets for Italy, Spain, Portugal, Belgium,Cyprus, Lithuania, Slovenia and Finland "pose a risk of non-compliance with the requirements for 2017."
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