- Italy Budget Crisis: Rome DISMISSES Brussels Ultimatum And Warns EU ‘Expect SAME Plans’
by HARVEY GAVIN, https://www.express.co.uk/
ITALY says it will defy an ultimatum by Brussels and refuse to back down over its controversial budget proposals as an Italian politician likened scare tactics used by the EU to ‘Project Fear’ in the Brexit referendum.
European Union bosses have threatened to sanction the Mediterranean country unless it falls into line and follows the bloc’s fiscal rules in an unprecedented move which could see Rome slapped with a fine of £3billon (€3.4billion). But Italy’s populist government remains defiant and has rejected demands to submit a revised budget by Tuesday. Guglielmo Picchi, a politician in the right-wing League party, told the Sunday Times: “On Tuesday they will expect a letter from us – the letter from us will say it’s still the same budget.”
The ruling coalition in Rome – made up of the League and populist 5-Star Movement – is planning on increasing borrowing to help fund its costly election promises, including a lowering of the retirement age and an increase in welfare.