According to EU officials, the EU Commission is expected to initiate criminal proceedings against Italy for excessive debts. The move could already be taken on 5 June, two EU officials said today in Brussels to Reuters. „The mood is definitely indicative of action,“ one of them said. The shares of Italian banks fell then.
In 2018, the EU Commission and Italy had long argued about the budget for 2019 and only reached an agreement at the end of the year. New budget figures from Rome, however, shook the bill and alarmed Brussels again.
