‘VIOLENT REACTION!’ Juncker Warns Italy of Eurozone MELTDOWN Over Budget Proposals

• ‘VIOLENT REACTION!’ Juncker Warns Italy of Eurozone MELTDOWN Over Budget Proposals
  by LEVI WINCHESTER, https://www.express.co.uk/
  JEAN-CLAUDE Juncker has warned that if the EU were to back down on its stance against Italy’s rampant spending they would risk a “violent reaction” from other eurozone countries. The no-compromise warning from the European Commission President is the latest signal that European Union chiefs are set to reject spending plans proposed by the indebted nation.
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  Rome sparked a furious reaction from EU chiefs after unveiling plans for a deficit goal of 2.4 percent of GDP for 2019 – a figure that is three times the previous administration’s target. Italy has a nominal GDP of €1.89 trillion in 2018, indicating a deficit goal of roughly €45 billion, plans to ignore EU rules aimed at keeping nations’ to tight budgets and overspend by
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  The Italian Cabinet signed off a spend-spend-spend 2019 budget on Monday night, in which they set out goals to boost welfare spending and slash the retirement age.
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  But the proposals have set the nation up for a showdown with authorities in Brussels, who now have the power to reject plans, over compliance with EU rules. Speaking in an interview with the Italian news agency ANSA, Mr Juncker said: “Warnings were given possibly prematurely, but nothing has been decided so far and everything will depend on what comes out of our conversations with the Italian government. “If we accepted what the Italian government proposes, we would have a violent reaction from the states of the eurozone.
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  “What is the euro? First of all, it protects us. If Italy didn’t have the euro, the country would be in a bad situation.
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