European Economic Affairs
Commissioner Pierre Moscovici said Monday that it would be
"absolutely wrong to talk of ultimatums" given to Italy over its
public finances. Moscovici "welcomed" Italy's commitment to
adjust its structural deficit as requested by the EU executive
in a letter last month. He added that the Commission was
"discussing in a constructive, positive way" with Economy
Minister Pier Carlo Padoan and that "while we encourage (Rome)
to take measures as soon as possible... there is no ultimatum".
He added that evaluation of Italy case was "taking place".
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