European Commission Vice
President Valdis Dombrovskis said Wednesday that the EU
executive had the grounds to open an infringement procedure
against Italy, but had opted to wait instead. "Right from today
an excessive deficit procedure should have been opened, but
we'll come back to the issue in April, after verifying respect
of the commitments taken (to reduce the deficit by 0.2% of
GDP)," he said. He added that the EC had already "fully"
accounted for the cost of Italy's refugee and earthquake crises.
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